The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline down.
A bearish descent down to the next support at 0.97601 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.98498 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.99146 |
| 2nd High | 0.98598 |
| Next High | 0.98498 |
| Current Price | 0.98448 |
| Next Low | 0.97601 |
| 2nd Low | 0.97458 |
| 3rd Low | 0.97454 |
0.98498 – 0.97859 – 0.98488 – 0.97601 – 0.97458 – 0.97476 —
0.98320 – 0.98578 —
50.805679323509 – 69.646927717051 —
– —
0.98498 – 1781226000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –