The combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance at 0.99316 will persist.
Caution: A possible change in the direction of the support line at 0.98015 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.99507 |
| 2nd High | 0.99449 |
| Next High | 0.99316 |
| Current Price | 0.98423 |
| Next Low | 0.98015 |
| 2nd Low | 0.97815 |
| 3rd Low | 0.97648 |
0.98375 – 0.98043 – 0.98153 – 0.98015 – 0.97815 – 0.97854 —
0.98399 – 0.98421 —
68.474408190285 – 61.273675209566 —
– —
0.98375 – 1783017000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –