Sell AUD/CAD – 1H – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the ascending trendline down.

A bearish trend downwards to the next support level at 0.88807 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.89718 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

Support & Resistance Price Range*
3rd High 0.90446
2nd High 0.89829
Next High 0.89718
Current Price 0.89305
Next Low 0.88807
2nd Low 0.88790
3rd Low 0.88001

0.89308 – 0.89301 – 0.89718 – 0.88807 – 0.88790 – 0.89032

Download AUD/CAD Signal Image

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