| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
Since the beginning of September, the AUD/CAD currency pair has been trading within a rising wedge pattern.
From a theoretical point of view, it is likely that the exchange rate could breach the predetermined pattern south by the beginning of March. In this case the rate could decline to the Fibo 61.80% at 0.9497.
Meanwhile, note that the currency pair could gain support from the 55-, 100– and 200-period moving averages in the 0.9800 area. Thus, some upside potential could prevail in the market, and the pair could re-test the Fibo 100.00% at 1.0235.