The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the ascending trendline down.
The bearish trend down to the next support line at 0.89664 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.90423 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9112 |
| 2nd High | 0.90446 |
| Next High | 0.90423 |
| Current Price | 0.90068 |
| Next Low | 0.89664 |
| 2nd Low | 0.89622 |
| 3rd Low | 0.89514 |
0.8998 – 0.8994 – 0.89877 – 0.89664 – 0.89665 – 0.89622 — 38.105163892234 – 36.542609786247 — 38.054940269968 – 33.06400924037 – 35.646227933763 – 37.531498005515
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – Triple bottom chart pattern – –