The pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline down.
The bearish trend down to the next support level at 0.92184 will continue.
Caution: A possible change in the direction of resistance at 0.92384 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.92416 |
| Next High | 0.92384 |
| Current Price | 0.92178 |
| Next Low | 0.92184 |
| 2nd Low | 0.91732 |
| 3rd Low | 0.91551 |
0.92384 – 0.91981 – 0.91893 – 0.92184 – 0.91732 – 0.91794 —
0.92275 – 0.92280 —
51.510572444228 – 44.249545568063 —
– —
0.92384 – 1764842400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – – – – – – – –