| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Neutral | Sell |
| Alligator (13; 8; 5) | Neutral | Neutral | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The Australian Dollar is losing value against its neighbor, the New Zealand Dollar, in a junior descending channel.
It seems that this pattern represents formation of a new senior uptrend, which is expected to guide movement of the pair in the upcoming months.
The breakout the top seems unlikely. First, the pair has entered into a new bearish zone. Second, it has just made a rebound from the upper edge of the channel. Third, this boundary is additionally secured by updated weekly R1 at 1.0961 as well as the 55- and 200-hour SMA. Moreover, the monthly PP at 1.0934 which could hinder the potential downfall has been already crossed multiple times.
A combination of these factors suggests that in the short-term perspective the pair most probably is going to continue to move in the southern direction.