The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline up.
A bullish movement up to the next resistance level at 0.9773 is expected.
Caution: A possible counter-trend in the direction of the support level at should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.97975 |
| 2nd High | 0.9797 |
| Next High | 0.9773 |
| Current Price | 0.97809 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.9773 – 0.9797 – 0.9781 – 0.9755 – 0.97553 – 0.97498 —
0.97868 – 0.97780 —
67.120097514618 – 52.237413662874 —
– —
0.9773 – 1777003200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –