| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Neutral |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The Australian Dollar has been appreciating in an ascending channel pattern against the Canadian Dollar since October 8 after the currency pair reversed from the bottom border of a dominant descending channel at 0.9100.
The exchange rate broke the dominant descending channel pattern a few days ago. Currently, the pair is trading above a traditional weekly PP at 0.9678.
Given that a breakout had occurred, it is likely that the AUD/CAD currency exchange rate would continue to maintain a five-week ascending channel pattern during the following days.
The pair will likely target the upper boundary of the five weeks ascending channel at 0.9884 within this week.