AUD/CAD – 1H – BUYAlso there is a ‘Hammer’ candlestick pattern is discovered. The candles show ‘Hammer’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90032 |
| 2nd High | 0.89837 |
| Next High | 0.89735 |
| Current Price | 0.89726 |
| Next Low | 0.89378 |
| 2nd Low | |
| 3rd Low |