| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The Australian Dollar has depreciated about 1.10% in value against the Canadian Dollar since the past two weeks. The decline was stopped by a support cluster formed by the weekly S1 and the monthly S1 at 0.8943.
If the support cluster holds, a surge towards the upper boundary of a descending channel pattern at 0.9112 could be expected, during the following trading sessions.
However, if the AUD/CAD currency pair passes the support cluster, as mentioned earlier, bearish traders would likely aim for the 0.8859 area during next week's trading sessions.