| Indicator | 1H | 4H | 1D |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Buy |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇓ | ⇘ | ⇑ |
The Aussie was appreciating against its Canadian counterpart for three weeks, resulting in the formation of a channel up. This pattern was breached to the downside last week when the rate entered a consolidation period. The pair's decreasing trading range formed a symmetrical triangle with three confirmations on each side. Given the characteristics of a symmetrical triangle, the breakout should occur north. Thus, the base scenario favours the rate bouncing off the lower triangle boundary near the 0.9990 mark and appreciating until a resistance cluster set by the 55-, 100– and 200-hour SMAs circa 1.0020, at least. In case this level is breached, the pair is likely to surge up to 1.0060.