| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Neutral | Buy |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The Australian Dollar has been constrained by a two-month descending channel against its Canadian counterparts. The currency pair reverses from the upper boundary of a dominant channel down on March 14 and has since reached a five-month low level.
After hitting the 61.80% Fibonacci retracement level, the exchange rate made a U-turn south. Also, the 55– hour simple moving average has directed the price movement lower. This retracement can be measured by connecting the low at 0.96 and the high at 0.98.
As for near future, the currency exchange rate is likely to continue to decline until it reaches the lower boundary of the dominant channel.