| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Australian Dollar has surged by 1.80% against the New Zealand Dollar since December 8. The exchange rate tested the upper boundary of a descending channel pattern at 1.0680 during last week's trading sessions.
Currently, the currency pair is trading near the upper line of the channel pattern and could be set for a breakout.
If the breakout occurs, a surge towards the 1.0800 level could be expected within this week's trading sessions.
However, if the descending channel pattern holds, bearish traders might pressure the AUD/NZD currency exchange rate towards the 1.0600 area during the following trading sessions.