AUD/CAD – 1H – BUYThe combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance line at 0.89837 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.89413 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90785 |
| 2nd High | 0.90032 |
| Next High | 0.89837 |
| Current Price | 0.89647 |
| Next Low | 0.89413 |
| 2nd Low | |
| 3rd Low |