The combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline down.
A bearish descent downwards to the next support at 0.97458 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.98498 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.99146 |
| 2nd High | 0.98598 |
| Next High | 0.98498 |
| Current Price | 0.98462 |
| Next Low | 0.97458 |
| 2nd Low | 0.97454 |
| 3rd Low | 0.9722 |
0.98498 – 0.98488 – 0.98598 – 0.97458 – 0.97476 – 0.97828 —
0.98385 – 0.98578 —
66.806424213273 – 70.243585467418 —
– —
0.98498 – 1781226000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –