Buy AUD/CAD – 30M – BUY

The combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline up.

An ascent up to the next resistance at 0.89536 is considered certain.

Caution: A possible trend reversal in the direction of the support level at 0.88972 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High 0.89829
2nd High 0.89718
Next High 0.89536
Current Price 0.89544
Next Low 0.88972
2nd Low 0.88807
3rd Low 0.88790

0.89536 – 0.89239 – 0.89308 – 0.88972 – 0.88807 – 0.88833

Download AUD/CAD Signal Image

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