| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Sell |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
Since the beginning of October, the AUD/ CAD currency pair has been trading upwards within a rising wedge pattern.
From a theoretical perspective, it is likely that the exchange rate could continue to trade upwards within the predetermined pattern in the nearest future. Then, a breakout north could follow.
Meanwhile, note that the currency pair is pressured by the 55-, 100– and 200-period moving averages in the 0.9485/0.9555 range. Thus, a breakout south could occur sooner, and the pair could face the support level—the Fibo 23.60% at 0.9348.