AUD/CAD – 30M – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline up.
The bullish trend upwards to the next resistance level at 0.91176 will continue.
Caution: A possible change in the direction of the support line at 0.90969 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.911465 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 0.91176 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91632 |
| 2nd High | 0.9125 |
| Next High | 0.91176 |
| Current Price | 0.90979 |
| Next Low | 0.90969 |
| 2nd Low | 0.90699 |
| 3rd Low | 0.90661 |
0.91176 – 0.90948 – 0.9125 – 0.90969 – 0.90699 – 0.90661 —
0.91271 – 0.90939 —
62.475094668711 – 38.744982207465 —
– —
0.91176 – 1763622000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Double bottom chart pattern – – – –