AUD/CAD – 4H – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 0.99507 is certain.
Caution: A possible change in the direction of the support level at 0.97458 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.9957 |
| Next High | 0.99507 |
| Current Price | 0.99386 |
| Next Low | 0.97458 |
| 2nd Low | 0.97454 |
| 3rd Low | 0.9722 |
0.99507 – 0.99312 – 0.99116 – 0.97458 – 0.9784 – 0.98402 —
0.99272 – 0.99374 —
56.22939349834 – 62.623625860575 —
– —
0.99507 – 1780401600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –