| 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 | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇘ |
The British Pound is trading against the Australian Dollar in a pattern that recently started to transform from an ascending channel into an ascending triangle.
The upper resistance line is located at the 1.7174 level, while the lower support line is lying along the 55-, 100- and 200-hour SMAs that do not let the pair to break to the bottom.
In the early Friday morning, the rate formed a second low. Hence, in the upcoming one-two days the currency pair is expected to gradually climb to the top to make a third reaction high or even leave the pattern.
However, there is a need into account that a speech delivered by Governor Carney at 14:00 GMT might produce a negative reaction and push the pair out of the pattern.