The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 0.94618 is expected.
Caution: A possible change in the direction of the resistance level at 0.96164 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.96345 |
| 2nd High | 0.96202 |
| Next High | 0.96164 |
| Current Price | 0.96034 |
| Next Low | 0.94618 |
| 2nd Low | 0.9445 |
| 3rd Low | 0.94416 |
0.96164 – 0.96202 – 0.96345 – 0.94618 – 0.95278 – 0.95533 —
0.96164 – 0.96125 —
76.978057892571 – 68.864397782843 —
0.96164 – 1773099000 —
– 1773099000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –