| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The Australian Dollar has depreciated about 4.20% in values against the Canadian Dollar since the beginning of December. This movement has been bounded in the descending channel.
Currently, the exchange rate is testing the upper channel line located circa 0.9465. Given that the pair is being supported by the 55-, 100– and 200-hour SMAs, it is likely that a breakout north occurs within following sessions. A possible upside target is the Fibonacci 38.20% retracement at 0.9549.
However, if given channel holds, it is expected that a reversal south occurs in the nearest future. Important support level to look out for is the Fibonacci 23.60% retracement at 0.9385.