AUD/CAD – 30M – BUYThe pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 0.88887 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.88001 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89506 |
| 2nd High | 0.89135 |
| Next High | 0.88887 |
| Current Price | 0.88860 |
| Next Low | 0.88001 |
| 2nd Low | 0.87970 |
| 3rd Low | 0.87890 |
0.88887 – 0.89135 – 0.89506 – 0.89194 – 0.89000 – 0.88882
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji