| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The Australian Dollar has been depreciating against the Canadian Dollar within the falling wedge pattern since the beginning of February.
From a theoretical perspective, it is likely that the AUD/CAD exchange rate could continue to trade downwards within the given pattern until the second half of March. Then a breakout north could occur.
However, note that the currency pair is pressured by the 55-, 100– and 200-hour moving averages, currently located near 0.8760. Thus, a breakout south could occur in the nearest future. In this case the pair could face the support level – the monthly S1 at 0.8574.