| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
The AUD/CAD currency pair appreciated about 2.31% in value during last week's trading sessions. The exchange rate tested the upper boundary of an ascending channel pattern at 0.9114 on October 31.
In regards to the near future, the Canadian Dollar is likely to gain strength against the Australian Dollar. Bears could drag the pair towards the 0.8996 area within next week's trading sessions.
If the support level, located near the 0.8996 region holds, a potential upside reversal could occur during the following trading sessions.