The combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance line at 0.92384 will persist.
Caution: A possible reversal of the trend in the direction of support at 0.92157 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.92416 |
| Next High | 0.92384 |
| Current Price | 0.92296 |
| Next Low | 0.92157 |
| 2nd Low | 0.91732 |
| 3rd Low | 0.91551 |
0.92384 – 0.91981 – 0.91893 – 0.92157 – 0.92184 – 0.91732 —
0.92239 – 0.92309 —
48.100616987598 – 57.461398247014 —
– —
0.92384 – 1764842400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Double top chart pattern – – – – – – – –