The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline down.
The bearish trend downwards to the next support line at 0.93299 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 0.9434 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.9434 |
| Current Price | 0.94346 |
| Next Low | 0.93299 |
| 2nd Low | 0.93095 |
| 3rd Low | 0.92979 |
0.9434 – 0.94109 – 0.93468 – 0.93299 – 0.93095 – 0.92979 —
0.94325 – 0.94449 —
68.159239426608 – 72.740916801569 —
– —
0.94340 – 1769115600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –