AUD/CAD 1H Chart: Pair near triangle boundary

FX:AUDCAD   Australischer Dollar/Kanadischer Dollar
The Australian Dollar has been trading in an ascending channel against the Loonie since mid-November. The upper boundary of this pattern and a long-term channel down near 0.9875 was reached five weeks later.

Since then, the Aussie’s failure to move below the 0.9782 mark has resulted in the formation of a descending triangle . The pair had reached its upper boundary, likewise reinforced by the 200-hour SMA , on Tuesday morning .

From theoretical point of view, this triangle should be breached to the upside. A breakout in this session is also signaled by technical indicators. The subsequent surge is not expected to be long-lasting, as the upper boundary of the senior channel is located nearby circa 0.9850.

Taking all this into account, the base scenario favours a test of the senior channel and a reversal near this area.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Feedback senden Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden