The combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 0.91313 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.91559 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.
There is also a ‘MACD Hidden Bearish Divergence’ indicator layout is existing. The indicator is ‘MACD Hidden Bearish Divergence’. this is usually a bearish chart scenario. The pair is likely to go down.
There is also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.91751 |
| Next High | 0.91559 |
| Current Price | 0.91384 |
| Next Low | 0.91313 |
| 2nd Low | 0.91115 |
| 3rd Low | 0.9084 |
0.91559 – 0.91751 – 0.91721 – 0.91313 – 0.91584 – 0.91539 —
0.91559 – 0.91515 —
51.439957968764 – 46.829420047564 —
0.91559 – 1764360000 —
– 1764360000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Double bottom retreat down – – – – – – – –