| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Sell | Neutral |
| SAR (0.02; 0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The Australian Dollar is appreciating against the Canadian Dollar in the short-term ascending channel. Formation of the pattern began after the currency exchange rate bounced off from the 38.2% Fibonacci retracement level at 0.9969. The relevant retracement levels are measured by connecting the 2016 low and high levels. For the moment, the pair is approaching to the bottom trend-line of the channel supported by the weekly PP at 1.0062 and 20-period SMA at 1.0061. Most likely the rate will rebound and, thus, make a second confirmation for the channel line. The surge of the pair is projected to continue until it reaches a resistance in the form of the 23.6% retracement level at 1.0115.