AUD/CAD – 4H – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline up.
An ascending movement upwards to the next resistance at 0.89469 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.88497 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90110 |
| 2nd High | 0.89506 |
| Next High | 0.89469 |
| Current Price | 0.88836 |
| Next Low | 0.88497 |
| 2nd Low | 0.88318 |
| 3rd Low | 0.87970 |
0.89469 – 0.89108 – 0.89506 – 0.88497 – 0.88318 – 0.88577
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji