| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Neutral | Buy | Neutral |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The Australian Dollar has been depreciating against the Canadian Dollar in an ascending channel pattern since the beginning of December after the currency pair reversed from its upper border at 0.9770.
The exchange rate breached both the weekly pivot point and the 50-hour simple moving average at 0.9670 during the morning hours of today's trading session.
As for the near future, it is likely that bullish traders could try and push the currency exchange rate higher towards a swing high at 0.9800.
However, the AUD/CAD currency pair needs to surpass a resistance level formed by the 50-hour SMA.