| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Sell | Sell | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇘ |
The EUR/CAD currency pair has been moving in a junior ascending channel since the beginning of December after the rate reversed from the bottom border of a medium-term ascending channel pattern at 1.4965.
The exchange rate was trading near the upper boundary of the junior ascending channel pattern at 1.5519 during the morning hours of Wednesday's trading session.
If the currency exchange rate breaks the junior channel, the next target for bullish traders will be at a swing high of 1.5600.
Moreover, if a resistance level at 1.5519 holds, the price will make a brief pullback towards a support cluster formed by the weekly and the monthly PPs at 1.5374.