The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline upwards
The bullish trend up to the next resistance line at 0.98375 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.97815 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.98375 |
| Current Price | 0.98136 |
| Next Low | 0.97815 |
| 2nd Low | 0.97648 |
| 3rd Low | 0.97643 |
0.98375 – 0.98153 – 0.98313 – 0.97815 – 0.97854 – 0.97872 —
0.98375 – 0.98156 —
64.005717339116 – 53.280457291296 —
0.98375 – 1783015200 —
– 1783015200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –