| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Sell |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The Australian Dollar continued to appreciate against the Canadian Dollar. The AUD/CAD currency pair has already exceeded the Fibo 61.80% at 0.9515.
Given that the exchange rate is supported by the 55-, 100– and 200-hour moving averages, it is likely that some upside potential could continue to prevail in the market.
Note that the rate could face the resistance level formed by the monthly R3 located at the 0.9764 mark. If the given level holds, it is likely that a reversal south could occur, and the pair could target 0.9450.