AUD/CAD – 1H – BUYThe pair breaks through the bearish trendline up.
A bullish trend upwards to the next resistance line at 0.91832 is likely expected.
Caution: A possible trend reversal in the direction of support at 0.91087 could occur.
Consider stop-loss settings accordingly.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92510 |
| 2nd High | 0.92072 |
| Next High | 0.91832 |
| Current Price | 0.91599 |
| Next Low | 0.91087 |
| 2nd Low | 0.91044 |
| 3rd Low | 0.90955 |