AUD/CAD 4H Chart: Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
AUD/CAD fell from two and a half year highs inside a wedge that now brings some bearish potential to the table. The pair has just overstepped the upper trend-line of the pattern and will face several resistance levels along the surge. Immediate supply lies at 0.9866 and 0.9884 before a red cloud of 0.9893/0.9974 comes along. We would expect at least some sort of retracement of the broken line, meaning that a short-lived fall will be assisted by one of the levels. An unlikely return inside of the pattern would face support at 0.9801.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 14 Dec 2016 16:52:04 GMT

AUD/CHF 4H Chart: Rising Wedge

A wedge brought AUD/CHF closer to October highs of 0.7661, meaning that the rate could attempt the level and break the wedge when it fails. The bottom trend-line of the pattern is strengthened by the 100-period SMA and cloud support, meaning that it will have to decisively push through in order to sustain the breakout. The pair is currently on

Wed, 14 Dec 2016 09:00:05 GMT

AUD/CHF 4H Chart: Rising Wedge

After a quick recovery from the US Presidential Election dive, AUD/CHF entered a rising wedge to show some decent bullish momentum, but build up bearish potential at the same time. The pair is now hovering mid-pattern and we will watch 0.7543 closely for signals of a potential breakout. The latest wave south pointed out some stickiness of the bottom trend-line,

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.