The combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the ascending trendline downwards
A bearish descent downwards to the next support level at 0.97849 will continue.
Caution: A possible change in the direction of the resistance line at 0.98039 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.98648 |
| 2nd High | 0.98111 |
| Next High | 0.98039 |
| Current Price | 0.97912 |
| Next Low | 0.97849 |
| 2nd Low | 0.97743 |
| 3rd Low | 0.97453 |
0.98039 – 0.97873 – 0.9773 – 0.97849 – 0.97743 – 0.97453 —
0.97965 – 0.97943 —
57.299035390769 – 54.778359958333 —
– —
0.98039 – 1777271400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –