AUD/CAD – 1H – BUYThe pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline upwards
A bullish movement up to the next resistance line at 0.89877 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 0.89664 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90032 |
| 2nd High | 0.89938 |
| Next High | 0.89877 |
| Current Price | 0.89966 |
| Next Low | 0.89664 |
| 2nd Low | 0.89514 |
| 3rd Low | 0.89029 |
0.89877 – 0.89838 – 0.89938 – 0.89664 – 0.89514 – 0.89666 — 42.783493730182 – 54.382730763275 — 36.582092490222 – 58.930880126779 – 27.590324905924 – 39.248118059473
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double bottom chart pattern – –