AUD/CAD 4H Chart: Short-term decline expected - Trade Pattern Ideas - Dukascopy Bank

Thu, 07 Nov 2019 06:38:19 GMT
Source: Dukascopy Bank SA
 
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralBuySell
SAR(0.02;0.2)SellBuySell
Aggregate

The AUD/CAD currency pair appreciated about 2.31% in value during last week's trading sessions. The exchange rate tested the upper boundary of an ascending channel pattern at 0.9114 on October 31.

In regards to the near future, the Canadian Dollar is likely to gain strength against the Australian Dollar. Bears could drag the pair towards the 0.8996 area within next week's trading sessions.

If the support level, located near the 0.8996 region holds, a potential upside reversal could occur during the following trading sessions.


Back to feed
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.