AUD/CAD – 1H – BUYThe pair breaks through the bearish trendline up.
An ascending movement up to the next resistance line at 0.92466 is expected.
Caution: A possible counter-trend in the direction of the support line at 0.91542 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93191 |
| 2nd High | 0.92849 |
| Next High | 0.92466 |
| Current Price | 0.92097 |
| Next Low | 0.91542 |
| 2nd Low | 0.91044 |
| 3rd Low | 0.90955 |