AUD/CAD – 30M – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance at 0.91388 is certain.
Caution: A possible counter-trend in the direction of the support level at 0.90960 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three White Soldiers’ candle chart pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91747 |
| 2nd High | 0.91611 |
| Next High | 0.91388 |
| Current Price | 0.91178 |
| Next Low | 0.90960 |
| 2nd Low | 0.90865 |
| 3rd Low | 0.90704 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers