Sell AUD/CAD – 30M – SELL

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

A bearish trend down to the next support line at 0.88833 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.89308 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Double top chart pattern’ chart pattern is found. The chart shows ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

Moreover a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Support & Resistance Price Range*
3rd High 0.89829
2nd High 0.89718
Next High 0.89308
Current Price 0.88985
Next Low 0.88833
2nd Low 0.88790
3rd Low 0.88001

0.89308 – 0.89301 – 0.89718 – 0.88833 – 0.88790 – 0.89032

Download AUD/CAD Signal Image

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