The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 0.91139 is considered certain.
Caution: A possible counter-trend in the direction of support at 0.90948 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The currency pair could go up.
Additionally a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91632 |
| 2nd High | 0.91312 |
| Next High | 0.91139 |
| Current Price | 0.91007 |
| Next Low | 0.90948 |
| 2nd Low | 0.90554 |
| 3rd Low | 0.9042 |
0.91139 – 0.90954 – 0.91312 – 0.90948 – 0.90554 – 0.90732 —
0.91132 – 0.91005 —
59.439538792322 – 48.521355108332 —
– —
0.91139 – 1763946000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Double bottom chart pattern – – – – – – – –