AUD/CAD – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the ascending trendline down.
A descent down to the next support line at 0.96586 is expected.
Caution: A possible change in the direction of the resistance line at 0.9682 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.9682 |
| Current Price | 0.96748 |
| Next Low | 0.96586 |
| 2nd Low | 0.95994 |
| 3rd Low | 0.95664 |
0.9682 – 0.96376 – 0.95999 – 0.96586 – 0.95994 – 0.95664 —
0.96766 – 0.96825 —
61.548501779669 – 59.932635825594 —
– —
0.9682 – 1770836400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Rising Wedge Chart Pattern – – – – – – – –