AUD/CAD – 1H – BUYMoreover a ‘Hammer’ candle chart pattern is discovered. The candles show ‘Hammer’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90789 |
| 2nd High | 0.90785 |
| Next High | 0.90173 |
| Current Price | 0.89455 |
| Next Low | 0.89215 |
| 2nd Low | 0.88881 |
| 3rd Low |