The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline down.
A descending movement down to the next support line at 0.96962 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.97397 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.97497 |
| 2nd High | 0.97443 |
| Next High | 0.97397 |
| Current Price | 0.97243 |
| Next Low | 0.96962 |
| 2nd Low | 0.9658 |
| 3rd Low | 0.96331 |
0.97397 – 0.97267 – 0.96164 – 0.96962 – 0.9658 – 0.96331 —
0.97287 – 0.97503 —
57.997195692307 – 65.917725082759 —
– —
0.97397 – 1773214200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Symmetrical Triangle Chart Pattern – – – – – – – –