AUD/CAD – 30M – BUYCorrection of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.9096928 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.91378 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Matching Low’ candlestick chart pattern is found. The chart shows ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91747 |
| 2nd High | 0.91641 |
| Next High | 0.91378 |
| Current Price | 0.91072 |
| Next Low | 0.91061 |
| 2nd Low | 0.91032 |
| 3rd Low | 0.90939 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Matching Low