The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline down.
The bearish trend downwards to the next support level at 0.91631 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.92564 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Next a ” indicator signal is detected. The indicator is ”. which could be a negative signal. The currency pair is likely to fall.
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Next a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.
Next a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.92564 |
| Current Price | 0.91632 |
| Next Low | 0.91631 |
| 2nd Low | 0.91551 |
| 3rd Low | 0.91313 |
0.92564 – 0.92384 – 0.91981 – 0.91631 – 0.92157 – 0.91732 —
0.91868 – 0.91748 —
39.188133011118 – 31.812163673899 —
– —
0.92564 – 1764946800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Rising Wedge Chart Pattern – – – – – – – –