AUD/CAD – 1H – BUYThe pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance line at 0.91168 is considered certain.
Caution: A possible change in the direction of the support line at 0.90704 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles form ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91611 |
| 2nd High | 0.91208 |
| Next High | 0.91168 |
| Current Price | 0.91177 |
| Next Low | 0.90704 |
| 2nd Low | 0.90439 |
| 3rd Low | 0.90384 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers