| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Sell | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇘ |
The British Pound is trading against the Australian Dollar in an ascending channel that started to form in result of anxiety surrounding announcement of the Official Cash Rate a couple of weeks ago.
At the moment, the pattern consists only of three confirmation points. To make a second reaction low the pair has to break through a combined support set up by the 55- and 100-hour SMAs as well as the weekly PP and monthly R2. Due to accumulation of these barriers, the pair is likely to continue to move to the top at least until the area between the 1.7153 and 1.7193 levels.
Even if the rate somehow manages to slip to the bottom, the further downfall should be neutralized by the 200-hour SMA that is moving along the bottom edge of the channel.