The pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline down.
A descending movement downwards to the next support level at 0.89664 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.8994 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90275 |
| 2nd High | 0.90032 |
| Next High | 0.8994 |
| Current Price | 0.89800 |
| Next Low | 0.89664 |
| 2nd Low | 0.89622 |
| 3rd Low | 0.89514 |
0.8994 – 0.89877 – 0.89789 – 0.89664 – 0.89665 – 0.89622 — 56.300169141645 – 49.040903706622 — 96.139719661195 – 85.470541938385 – 98.713239887065 – 93.87008719986
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – Triple bottom chart pattern – –