Dolar Australia/Dolar KanadaPanjang
AUD/CAD 1H Chart: Symmetrical Triangle
The Aussie was appreciating against its Canadian counterpart for three weeks, resulting in the formation of a channel up. This pattern was breached to the downside last week when the rate entered a consolidation period. The pair’s decreasing trading range formed a symmetrical triangle with three confirmations on each side.
Given the characteristics of a symmetrical triangle, the breakout should occur north. Thus, the base scenario favours the rate bouncing off the lower triangle boundary near the 0.9990 mark and appreciating until a resistance cluster set by the 55-, 100– and 200-hour SMAs circa 1.0020, at least.
In case this level is breached, the pair is likely to surge up to 1.0060.
Given the characteristics of a symmetrical triangle, the breakout should occur north. Thus, the base scenario favours the rate bouncing off the lower triangle boundary near the 0.9990 mark and appreciating until a resistance cluster set by the 55-, 100– and 200-hour SMAs circa 1.0020, at least.
In case this level is breached, the pair is likely to surge up to 1.0060.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.