The combination Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the descending trendline up.
An ascent up to the next resistance level at 0.97497 is likely expected.
Caution: A possible counter-trend in the direction of the support level at should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.97497 |
| Current Price | 0.95818 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.97497 – 0.97065 – 0.96979 – 0.95446 – 0.95986 – 0.96418 —
0.96547 – 0.96041 —
46.792630333425 – 34.425134331341 —
– —
0.97497 – 1772064000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –