| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Australian Dollar has been trading in a channel up against the Canadian Dollar since early December 2017. The currency pair bounced off the lower boundary of an ascending channel on December 6 and has since rallied against the Loonie.
The inability for the Aussie to make a new move downwards indicate that the pair might continue to surge. The AUD/CAD has reached a support cluster set by the monthly PP and the weekly PP with the combination of the 100-, and 200-hour SMAs near 0.9919.
If this support cluster holds, the exchange rate could make a U-turn north to test the upper boundary of a junior pattern, where the monthly R2 is located.