The combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline downwards
The bearish trend downwards to the next support at 0.95446 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.97497 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.
And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.97497 |
| Current Price | 0.95973 |
| Next Low | 0.95446 |
| 2nd Low | 0.94644 |
| 3rd Low | 0.94416 |
0.97497 – 0.97065 – 0.96979 – 0.95446 – 0.95986 – 0.96418 —
0.95638 – 0.96164 —
32.621256997409 – 55.667548350543 —
– —
0.97497 – 1772064000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Rising Wedge Chart Pattern – – – – – – – –