Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Buy |
RSI (14) | Neutral | Neutral | Sell |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Neutral | Buy | Buy |
SAR (0.02; 0.2) | Sell | Buy | Buy |
Aggregate | ⇒ | ⇒ | ⇘ |
The Australian Dollar has reached the previously expected target of 1.1266, where the monthly second resistance is located at against the New Zealand Dollar. However, after reaching above the resistance level the currency exchange rate retreated back below 1.12 levels.
Although, the recent sort of unexplainable fluctuations, when properly charted, reveal an almost horizontal channel pattern, which is junior to the channel up pattern discovered last week.
By looking at the pattern, one can expect that the highest level achievable in the near future is the 1.13 mark.