AUD/CAD – 30M – BUYThe currency pair jumps from the descending trendline up.
An ascending movement upwards to the next resistance line at 0.91832 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.91044 could happen.
In the case of a trade, always set appropriate stop-loss settings.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92072 |
| 2nd High | 0.91840 |
| Next High | 0.91832 |
| Current Price | 0.91245 |
| Next Low | 0.91044 |
| 2nd Low | 0.90955 |
| 3rd Low | 0.90384 |