Note: This section contains information in English only.The Australian Dollar most recently changed direction and began to depreciate against the Canadian Dollar, and the result of the fall is a channel down pattern. Although, the descending channel is in the borders of a larger scale ascending channel, in which the currency exchange rate has been since May. By looking at the chart in a longer term back, a tendency of the rate to often return to the 200-period SMA might mean that this is just one more move of that kind. Moreover, such a retreat back to the 200-period SMA would still be consistent with the larger channel, as the SMA at the moment is exactly at the channel's lower trend line at 0.9905.
Fri, 30 Sep 2016 12:02:05 GMT
Source: Dukascopy Bank SA