| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇒ |
The AUD/SGD currency pair continued to trade downwards within the falling wedge pattern.
From a theoretical point of view, it is likely that the exchange rate could continue to trade within the given pattern in the medium term. Then, a breakout north could occur, and the rate could target the Fibo 61.80% at 0.9929.
Meanwhile, note that the currency pair is pressured by the 55-, 100– and 200-period moving averages in the 0.9660/0.9780 area. Thus, some downside potential could continue to prevail in the market.