The Australian-Canadian pair fluctuated during the Asian trading period on Friday obliquely towards a slight decline in light of the scarcity of Australian data today, and on the other side of Canada, we are waiting today at 3:30 pm Egypt time for important data represented by the rate of change in employment and unemployment rates for April.

Technically: the pair is trading inside an ascending price channel on the four-hour frame near the uptrend line, where we are waiting for the break of the uptrend line and support levels of 0.9000.

Which, if it is broken and the lower candle closes for at least 4 hours, it is possible to push the pair further pullbacks towards the levels of 0.8910 and then 0.8810.

This scenario fails to return again within the broken price channel.