| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
[ANNOUNCE] The Australian Dollar has depreciated about 4.20% in values against the Canadian Dollar since the beginning of December. This movement has been bounded in the descending channel. [/ANNOUNCE]
Currently, the exchange rate is testing the upper channel line located circa 0.9465. Given that the pair is being supported by the 55-, 100– and 200-hour SMAs, it is likely that a breakout north occurs within following sessions. A possible upside target is the Fibonacci 38.20% retracement at 0.9549.
However, if given channel holds, it is expected that a reversal south occurs in the nearest future. Important support level to look out for is the Fibonacci 23.60% retracement at 0.9385.