The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bearish trendline upwards
A bullish ascent up to the next resistance at 0.98062 is likely expected.
Caution: A possible change in the direction of the support line at 0.97222 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.97533798 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance zone at 0.98062 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.98679 |
| 2nd High | 0.98335 |
| Next High | 0.98062 |
| Current Price | 0.97562 |
| Next Low | 0.97222 |
| 2nd Low | 0.96835 |
| 3rd Low | 0.95516 |
0.98062 – 0.98335 – 0.98679 – 0.97222 – 0.97453 – 0.97471 —
0.98062 – 0.97666 —
56.113358311947 – 40.471132874067 —
0.98062 – 1777852800 —
– 1777852800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –