In addition a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline downwards
A bearish movement down to the next support at 0.91115 will persist.
Caution: A possible change in the direction of resistance at 0.91618 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.91618 |
| Current Price | 0.91425 |
| Next Low | 0.91115 |
| 2nd Low | 0.9084 |
| 3rd Low | 0.90554 |
0.91618 – 0.91258 – 0.91243 – 0.91115 – 0.9084 – 0.90915 —
0.91618 – 0.91564 —
73.561278854934 – 62.897216538284 —
0.91618 – 1764144000 —
– 1764144000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Rising Wedge Chart Pattern – – – – – – – –