AUD/CAD – 1H – BUY

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

An ascent upwards to the next resistance line at 0.97873 is expected.

Caution: A possible trend reversal in the direction of the support line at 0.9755 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.97588764 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.97873 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

0.97873 – 0.9797 – 0.97911 – 0.9755 – 0.97661 – 0.97471 —
0.97713 – 0.97743 —
50.356324370887 – 50.911016073079 —
– —
0.97873 – 1777039200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –