AUD/CAD – 1H – BUY

The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline up.

An ascent up to the next resistance at 0.90032 is expected.

Caution: A possible trend reversal in the direction of the support level at 0.89532 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.

And also a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.90032 – 0.90031 – 0.90275 – 0.89532 – 0.88988 – 0.89009 — 30.689860212216 – 35.614646351504 — 9.2421776089709 – 11.011024468943 – 11.237746392767 – 10.80282023391

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – –