AUD/CAD 4H Chart: Broadening Ascending Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
As the Aussie gains strength against other major currencies, it has formed a broadening ascending wedge pattern against the Canadian Dollar. At the moment, the currency exchange rate has recently rebounded against the pattern's lower trend line at 0.9762, and now the rate is located at 0.9810 on a path northwards. On its way up the pair faces various resistances, as the pattern's upper trend line is located far above, 300 pips above, at 1.0081. Among these resistances are the weekly PP, R1 and R2 respectively at 0.9867, 0.9938 and 1.0042. In addition, on the rates path are located the monthly R2 at 0.9967 and the 55-period SMA at 0.9840. Daily aggregate technical indicators support a surge of the pair today.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 25 Jul 2016 06:11:41 GMT

USD/SGD 1H Chart: Channel Up

Our outlook on USD/SGD is strongly positive. Apart from the bullish technical indicators and the fact that the currency pair has recently established a solid support line at 1.3570, the price has just breached the seven-month falling resistance trend-line. Accordingly, we expect the US Dollar to stay above the new support area at 1.3585, while the current target is the

Fri, 22 Jul 2016 11:24:04 GMT

AUD/NZD 4H Chart: Channel Up

The Australian Dollar is in an ascending channel pattern against the New Zealand Dollar, as the pair is in the process to confirm the pattern's support line for the third time. At the moment, the currency exchange rate is at 1.0696, which is just next to the lower trend line at 1.0700. The Aussie is most likely to continue to

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.