The combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the ascending trendline downwards
A bearish descent downwards to the next support level at 0.89241 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.89819 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90125 |
| 2nd High | 0.90110 |
| Next High | 0.89819 |
| Current Price | 0.89617 |
| Next Low | 0.89241 |
| 2nd Low | 0.89210 |
| 3rd Low | 0.89051 |
0.89819 – 0.89667 – 0.89536 – 0.89241 – 0.89210 – 0.89051
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Head and Shoulder chart pattern