Buy AUD/CAD – 30M – BUY

The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline downwards

A bearish trend downwards to the next support at 0.88881 is certain.

Caution: A possible trend reversal in the direction of resistance at 0.89411 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Southern Doji’ candle pattern is detected. The candles form ‘Southern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

Support & Resistance Price Range*
3rd High 0.90032
2nd High 0.89899
Next High 0.89411
Current Price 0.89312
Next Low 0.88881
2nd Low
3rd Low

Download AUD/CAD Signal Image

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