| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The Australian Dollar has been appreciating against the Canadian Dollar since the end of March. This movement has been bounded in the ascending channel.
As apparent on the chart, the AUD/CAD currency pair has already reversed north from the lower channel boundary at 0.9425. If the resistance formed by the 100– and 200-hour SMAs does not hold, it is likely that the pair targets the upper channel line located circa 0.9620.
Otherwise, it is expected, that the exchange rate re-tests the lower channel line. If the given channel does not hold, a breakout north might occur in the nearest future, and the rate might target the Fibonacci 23.60% retracement at 0.9385.