AUD/CAD – 4H – BUYThe combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline up.
A bullish trend upwards to the next resistance line at 0.90173 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.88881 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90868 |
| 2nd High | 0.90789 |
| Next High | 0.90173 |
| Current Price | 0.89396 |
| Next Low | 0.88881 |
| 2nd Low | |
| 3rd Low |