The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at 0.91893 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 0.91652 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair is likely to rise.
Besides a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92147 |
| 2nd High | 0.92044 |
| Next High | 0.91893 |
| Current Price | 0.91684 |
| Next Low | 0.91652 |
| 2nd Low | 0.91475 |
| 3rd Low | 0.91457 |
0.91893 – 0.91655 – 0.9157 – 0.91652 – 0.91475 – 0.91457 —
0.91856 – 0.91714 —
55.626655729652 – 46.304701324262 —
– —
0.91893 – 1764691200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Double bottom chart pattern – – – – – – – –