The pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 0.9658 will continue.
Caution: A possible change in the direction of the resistance zone at 0.97594 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.96629068 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 0.97594 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.97594 |
| Current Price | 0.96807 |
| Next Low | 0.9658 |
| 2nd Low | 0.96331 |
| 3rd Low | 0.95905 |
0.97594 – 0.97397 – 0.97267 – 0.96953 – 0.96962 – 0.9658 —
0.97001 – 0.96965 —
39.516393715759 – 42.913831859856 —
– —
0.97594 – 1773248400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –