| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The AUD/CAD exchange rate has been moving in a descending channel since mid-March. The currency pair tested the upper boundary of the junior descending channel on March 14 and followed by a period of decline.
The Australian Dollar has tested the lower boundary of a dominant channel and could be set for a new wave to the upside during the following trading sessions. However, the weekly pivot point was preventing the pair from making such moves.
Everything being equal, a breakout from the aforementioned pivot point is expected within this session. Meanwhile, technical indicators suggest that bears are likely to grow stronger in the nearest future.