Buy AUD/CAD – 1H – BUY

The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline up.

A bullish trend up to the next resistance at 0.97911 will continue.

Caution: A possible change in the direction of the support zone at 0.97661 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

There is also a ‘RSI Bullish Divergence’ indicator layout is existing. The indicator shows ‘RSI Bullish Divergence’. which is often a bearish chart signal. The currency pair could go down.

There is also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

There is also a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High 0.97943
2nd High 0.9793
Next High 0.97911
Current Price 0.97695
Next Low 0.97661
2nd Low 0.97471
3rd Low 0.97411

0.97911 – 0.9793 – 0.97943 – 0.97661 – 0.97471 – 0.97789 —
0.97967 – 0.97705 —
60.946911366659 – 44.33657462976 —
– —
0.97911 – 1776913200

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