AUD/CAD – 1H – BUYThe pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline up.
A bullish trend upwards to the next resistance line at 0.90009 is considered certain.
Caution: A possible change in the direction of the support level at 0.89623 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90789 |
| 2nd High | 0.90785 |
| Next High | 0.90009 |
| Current Price | 0.89815 |
| Next Low | 0.89623 |
| 2nd Low | |
| 3rd Low |