AUD/CAD – 1H – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the descending trendline downwards

A continuation of the downtrend down to the next support at 0.97743 will continue.

Caution: A possible counter-trend in the direction of resistance at 0.97996 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

And also a ‘Tweezers Top’ chart pattern is found. The chart shows ‘Tweezers Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.97996 – 0.98039 – 0.97873 – 0.97743 – 0.97453 – 0.9755 —
0.97972 – 0.97962 —
51.268357953312 – 55.651125730566 —
– —
0.97996 – 1777345200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Tweezers Top – – – – – – – – –