| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
The AUD/CAD currency pair revealed a long-term falling wedge pattern.
From a theoretical point of view, it is likely that the currency pair could reverse south from the upper pattern line located circa 0.9470 and target the lower pattern line located circa 0.9200. If the given pattern holds, a reversal north could follow.
Meanwhile, the currency pair could gain support from the 55-, 100– and 200-period moving averages in the 0.9370/0.9435 range. Thus, a breakout north could occur, and the pair could target the psychological level at 0.9650.