The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 0.95516 is expected.
Caution: A possible change in the direction of the resistance line at 0.96657 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.97611 |
| Next High | 0.96657 |
| Current Price | 0.96302 |
| Next Low | 0.95516 |
| 2nd Low | 0.95083 |
| 3rd Low | 0.9503 |
0.96657 – 0.97611 – 0.97594 – 0.95516 – 0.95083 – 0.9503 —
0.96229 – 0.96508 —
55.282740797461 – 63.152155035069 —
– —
0.96657 – 1775044800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –