| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The AUD/CAD currency pair has been trading within a descending channel since the end of April.
From a theoretical point of view, it is likely that the exchange rate could continue to trade within the given channel in the medium term. In this case the rate could reach the monthly PP at 0.8892 by the end of May.
Meanwhile, note that the currency pair is pressured by the 55-, 100– and 200-hour SMAs near 0.9050. Thus, the pair could breach the given channel south in the nearest future. If the monthly PP does not hold, the pair could decline to the monthly S1 at 0.8661.