| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Sell |
| Alligator (13; 8; 5) | Sell | Neutral | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The Australian Dollar has been moving in a descending channel against the Canadian Dollar since the beginning of February. The upper boundary of a dominant channel was tested on February 2 and that followed by a new wave down.
The AUD/CAD exchange rate has moved to the bottom border of an ascending trend-line and could be set for a breakout within the following trading hours.
If the aforementioned breakout occurs, the pair is likely to encounter a support set by the weekly pivot point at 0.9850. Also, it might indicate a long-term decline for the Aussie pair. Meanwhile, technical indicators flash mixed signals.