The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline upwards
A bullish movement up to the next resistance at 0.98426 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 0.98104 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.993 |
| 2nd High | 0.99146 |
| Next High | 0.98426 |
| Current Price | 0.98401 |
| Next Low | 0.98104 |
| 2nd Low | 0.9784 |
| 3rd Low | 0.97718 |
0.98426 – 0.99146 – 0.993 – 0.98104 – 0.9784 – 0.9884 —
0.98370 – 0.98500 —
51.511677277375 – 49.623361013825 —
– —
0.98426 – 1780891200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –