AUD/CAD – 1H – BUYThe combination breaks through the descending trendline upwards
An ascent upwards to the next resistance level at 0.91716 will continue.
Caution: A possible counter-trend in the direction of support at 0.90989 should be noted.
Consider stop-loss settings accordingly.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92072 |
| 2nd High | 0.91832 |
| Next High | 0.91716 |
| Current Price | 0.91447 |
| Next Low | 0.90989 |
| 2nd Low | 0.90955 |
| 3rd Low | 0.90384 |