Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Sell | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Sell | Buy | Buy |
Alligator (13; 8; 5) | Buy | Sell | Sell |
SAR (0.02; 0.2) | Buy | Buy | Sell |
Aggregate | ⇗ | ⇒ | ⇘ |
The Australian Dollar has been confined by a descending channel against the New Zealand Dollar since the pair touched the upper boundary of a five-month dominant channel.
The AUD/NZD pair has moved to closer to the border of a junior channel and could be set for a breakout. Meanwhile, a support cluster set by the weekly pivot point with the combination of the 55-hour simple moving average near 1.0742 was providing support for the rate.
Technical indicators suggest that the pair could rally during the following trading sessions.