The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the ascending trendline down.
A descending movement downwards to the next support line at 0.91584 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.91751 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92147 |
| 2nd High | 0.92044 |
| Next High | 0.91751 |
| Current Price | 0.91630 |
| Next Low | 0.91584 |
| 2nd Low | 0.91539 |
| 3rd Low | 0.91451 |
0.91751 – 0.91721 – 0.91585 – 0.91584 – 0.91539 – 0.91451 —
0.91637 – 0.91629 —
46.771788153755 – 46.02745091772 —
– —
0.91751 – 1764306000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Double top chart pattern – – – – – – – –