The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support at 0.98767 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.98939 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.
Besides a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.99146 |
| 2nd High | 0.99078 |
| Next High | 0.98939 |
| Current Price | 0.98880 |
| Next Low | 0.98767 |
| 2nd Low | 0.98691 |
| 3rd Low | 0.98323 |
0.98939 – 0.99078 – 0.98963 – 0.98767 – 0.98774 – 0.98691 —
0.98871 – 0.98905 —
50.036232320768 – 56.956547397486 —
– —
0.98939 – 1781668800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –