The combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance line at 0.97859 is considered certain.
Caution: A possible change in the direction of the support level at should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.98598 |
| 2nd High | 0.98488 |
| Next High | 0.97859 |
| Current Price | 0.97794 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.97859 – 0.98488 – 0.98598 – 0.97458 – 0.97476 – 0.97828 —
0.97606 – 0.97723 —
46.8896426068 – 58.348371630488 —
– —
0.97859 – 1781116200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –