The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 0.96979 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.96116 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.96979 |
| Current Price | 0.96933 |
| Next Low | 0.96116 |
| 2nd Low | 0.95664 |
| 3rd Low | 0.94644 |
0.96838 – 0.96699 – 0.96678 – 0.96116 – 0.96313 – 0.96352 —
0.96683 – 0.96971 —
57.609299976472 – 67.34278942297 —
– —
0.96838 – 1771495200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Symmetrical Triangle Chart Pattern – – – – – – – –