The combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 0.99312 will continue.
Caution: A possible counter-trend in the direction of support at 0.98627 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9957 |
| 2nd High | 0.99515 |
| Next High | 0.99312 |
| Current Price | 0.99206 |
| Next Low | 0.98627 |
| 2nd Low | 0.98402 |
| 3rd Low | 0.98235 |
0.99312 – 0.98926 – 0.98847 – 0.98627 – 0.98402 – 0.98554 —
0.99133 – 0.99241 —
60.306856742619 – 62.55071693303 —
– —
0.99312 – 1780074000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –