| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The Australian Dollar has declined by 2.28% against the New Zealand Dollar since June 1. The currency pair tested a support cluster formed by the weekly S1 and the monthly S1 at 1.0609.
As for the near future, the AUD/NZD exchange rate could continue to edge lower. Sellers could target the 1.0500 mark during the following trading sessions.
However, if the support cluster as mentioned earlier holds, a breakout through the upper boundary of an ascending channel pattern could occur within this week's trading sessions.