The combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline upwards
An ascent upwards to the next resistance line at 0.91721 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.9084 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘%K crosses above %D’ indicator signal is detected. The indicator is ‘%K crosses above %D’. which could be a positive chart signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91887 |
| 2nd High | 0.91843 |
| Next High | 0.91721 |
| Current Price | 0.91612 |
| Next Low | 0.9084 |
| 2nd Low | 0.90554 |
| 3rd Low | 0.90101 |
0.91721 – 0.91618 – 0.91243 – 0.9084 – 0.90906 – 0.90554 —
0.91672 – 0.91624 —
58.792470267035 – 52.41141094896 —
– —
0.91721 – 1764226800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –