| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The Australian Dollar is gradually edging up against the Canadian Dollar in a junior ascending channel pattern. The currency pair appreciated about 1.27% in value during last week's trading sessions. However, the price was unable to surpass a significant resistance level at 0.9003.
By and large, the AUD/CAD exchange rate will most likely edge lower during the following trading sessions. A potential breakout through the bottom border of the junior ascending channel could occur.
Although, the decline might stop at a support level formed by the weekly S1 at 0.8922 in the nearest future.