The combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance level at 0.98375 is likely expected.
Caution: A possible change in the direction of the support zone at 0.97815 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.99449 |
| 2nd High | 0.99316 |
| Next High | 0.98375 |
| Current Price | 0.98136 |
| Next Low | 0.97815 |
| 2nd Low | 0.97648 |
| 3rd Low | 0.97643 |
0.98375 – 0.98043 – 0.98153 – 0.97815 – 0.97854 – 0.97872 —
0.98169 – 0.98162 —
55.194400482219 – 51.122712360462 —
– —
0.98375 – 1783017000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –