The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline downwards
A bearish trend downwards to the next support line at 0.98321 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.98967 is also possible.
Consider stop-loss settings accordingly.
And also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.
And also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.98967 |
| Current Price | 0.98710 |
| Next Low | 0.98321 |
| 2nd Low | 0.9771 |
| 3rd Low | 0.9722 |
0.98967 – 0.98713 – 0.98859 – 0.98321 – 0.9771 – 0.9722 —
0.98858 – 0.98942 —
56.765508521377 – 63.236344318363 —
– —
0.98967 – 1778148000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –