The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the ascending trendline downwards
A bearish descent downwards to the next support level at is expected.
Caution: A possible change in the direction of the resistance line at 0.93445 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.93445 |
| Current Price | 0.92966 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93445 – 0.92696 – 0.9196 – 0.92858 – 0.9284 – 0.92418 —
0.93155 – 0.93036 —
51.136848102985 – 43.976633157102 —
– —
0.93445 – 1767765600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –