AUD/CAD – 1H – BUYThe combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline up.
An ascending movement up to the next resistance at 0.89899 is expected.
Caution: A possible trend reversal in the direction of the support zone at 0.88881 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90785 |
| 2nd High | 0.90032 |
| Next High | 0.89899 |
| Current Price | 0.89313 |
| Next Low | 0.88881 |
| 2nd Low | |
| 3rd Low |