And also a ‘Double top chart pattern’ chart formation is found. The chart shows ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the descending trendline down.
A continuation of the bearish trend down to the next support at 0.90732 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.90954 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair is likely to fall.
And also a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91632 |
| 2nd High | 0.91312 |
| Next High | 0.90954 |
| Current Price | 0.90695 |
| Next Low | 0.90732 |
| 2nd Low | 0.90699 |
| 3rd Low | 0.90661 |
0.90954 – 0.91312 – 0.91176 – 0.90732 – 0.90969 – 0.90699 —
0.90877 – 0.90881 —
46.12896716075 – 48.714938952556 —
– —
0.90954 – 1763697600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Double top chart pattern – – – –