AUD/CAD reveals a wide pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The AUD/CAD currency pair found support in early August near the 0.8850 level. This event was followed by a recovery that eventually reached and tried to pass above the 0.9200 mark. However, the surge failed and passed below the support of the 50-day simple moving average and the 0.9120/0.9135 range.

By mid-September, the rate was heading to the 200-day simple moving average and the support and resistance range that surrounds the 0.9000 mark.

The decline of the Australian Dollar against the Canadian Dollar would have to pass the 0.9000 mark and the 200-day SMA, before the rate reaches the August low level at 0.8850. In the meantime, note that the 0.8950 level has acted as support and resistance.

In the case of a surge of the pair, it is set to face resistance in the form of the 50-day simple moving average and the 0.9120/0.9135 range. Higher above, note the upper trend line of the wide channel down pattern. It is set to act as resistance.
Back to articles

Actual Topics

Tue, 10 Sep 2024 11:44:24 GMT

NZD/CHF recovery encounters resistance

The New Zealand Dollar reached unseen lows against the Swiss Franc in early August. Although, the rate found support in the 0.4950 level, and started a recovery. However, at the start of September, the pair encountered resistance in the 0.5280/0.5335. The encounter was followed by a decline to the 0.5175/0.5200 range. In the near term future, the pair could

Tue, 03 Sep 2024 06:50:47 GMT

EUR/JPY might not extend recovery

The EUR/JPY currency pair is closely resembling the same trends as USD/JPY. It offers a chance to trade the issues with the Japanese Yen without the risks from the US economy, but rather the European one. In general, the pair hit an all-time high at 175.00 in July. Afterwards, the Bank of Japan started to strengthen the Yen, which

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.