The pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 0.95533 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.96345 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.96681 |
| 2nd High | 0.96614 |
| Next High | 0.96345 |
| Current Price | 0.95988 |
| Next Low | 0.95533 |
| 2nd Low | 0.95446 |
| 3rd Low | 0.94644 |
0.96345 – 0.96614 – 0.96681 – 0.95533 – 0.95821 – 0.95641 —
0.96149 – 0.96202 —
64.168125630354 – 61.769059677083 —
– —
0.96345 – 1772708400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –