The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance line at 0.99449 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.98361 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair is likely to rise.
And also a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. which is often a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.99515 |
| 2nd High | 0.99507 |
| Next High | 0.99449 |
| Current Price | 0.98669 |
| Next Low | 0.98361 |
| 2nd Low | 0.97815 |
| 3rd Low | 0.97648 |
0.98375 – 0.98153 – 0.98313 – 0.98361 – 0.97815 – 0.97854 —
0.98513 – 0.98643 —
54.665209494361 – 61.394456004422 —
– —
0.98375 – 1783015200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –