The combination Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bearish trendline up.
A bullish movement upwards to the next resistance at 0.99372 is expected.
Caution: A possible reversal of the trend in the direction of support at 0.98759 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.99507 |
| 2nd High | 0.99388 |
| Next High | 0.99372 |
| Current Price | 0.99180 |
| Next Low | 0.98759 |
| 2nd Low | 0.98627 |
| 3rd Low | 0.98532 |
0.99372 – 0.99388 – 0.99507 – 0.99094 – 0.99137 – 0.98759 —
0.99372 – 0.99140 —
54.261985284754 – 28.442922268467 —
0.99372 – 1780491600 —
– 1780491600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –