The combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline upwards
The bullish trend up to the next resistance level at 0.91312 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 0.90661 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.913525 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.91312 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92147 |
| 2nd High | 0.92044 |
| Next High | 0.91312 |
| Current Price | 0.91060 |
| Next Low | 0.90661 |
| 2nd Low | 0.90617 |
| 3rd Low | 0.89514 |
0.91312 – 0.92044 – 0.91671 – 0.90661 – 0.91339 – 0.91038 —
0.91312 – 0.91049 —
39.067286441372 – 49.248295967034 —
0.91312 – 1763654400 —
– 1763654400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –