| Positions | Today | Yesterday | % Change | |
| Longs | 69% | 65% | 5.80% | |
| Shorts | 31% | 35% | -12.90% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Neutral | Neutral | |
| Alligator (13; 8; 5) | Buy | Neutral | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇗ | ⇒ | ⇘ | |
The Australian Dollar accelerated against its Canadian counterpart late last week when the pair bounced off it lower boundary of an ascending channel. The rate has since strengthened by 1.99%, thus reaching a six-week high near the 0.7664 mark on Monday.
It is likely that a breakout could occur through the upper boundaries of both the junior and the senior channels where the weekly resistance level at 0.76 is located during the following trading session. This assumption is likewise supported by technical indicators.
If and when this breakout occurs, the AUD/USD currency exchange rate could continue moving up without any obstruction until it reaches near 0.77.