Chart the Market (12/08/2026)
  • Market Insights   >   Chart The Market

Chart the Market (12/08/2026)

Published: 12 August 2026,06:06

Published: 12 August 2026,06:06

Chart The Market

Tags:

Share on:
FacebookLinkedInTwitterShare
TradingView price chart with blue horizontal support and resistance lines and an orange downward trendline, showing candles mostly in a downtrend earlier and recent consolidation around 1.20–1.21. Includes RSI (below) and MACD (bottom) indicators, with price scale on the right and time axis from late July to early August.

AUDNZD,  H4:                                                               

AUD/NZD found strong support near the 1.1940 level, where the pair formed a double-bottom pattern, signaling that downside momentum may be fading. Following the formation of this bullish reversal pattern, the pair staged a technical rebound and has gained nearly 1% from its recent low.

Despite the recovery, AUD/NZD is now approaching a critical resistance zone around the 1.2000 mark, which coincides with the pair’s descending trendline resistance. This area is expected to attract selling pressure and may limit further upside in the near term.

While a rejection near the 1.2000 resistance level remains a likely scenario, a decisive breakout above this zone would represent a significant technical development. Such a move would confirm the double-bottom formation, invalidate the prevailing downtrend structure, and provide a strong bullish signal for the pair.

Overall, AUD/NZD is currently testing a key inflection point. A rejection at 1.2000 could see the pair resume its broader downtrend, while a successful breakout would increase the likelihood of a sustained bullish recovery. 

Resistance Levels:1.2050, 1.2113

Support Levels: 1.2000, 1.1940

CAD currency pair price chart with blue support/resistance lines and dashed trendlines; current price about 1.3927 after a pullback, RSI ~42, MACD negative.

USDCAD, H4

The USD/CAD pair has staged a strong bullish rally, gaining more than 5% and reaching its highest level since last May. However, the strong upward move has been followed by a technical retracement, with the pair now approaching a key support zone near 1.3899, which coincides with the 50% Fibonacci Retracement level.

Given the importance of this technical level, a rebound is anticipated as buyers may attempt to regain control around 1.3899. A successful defense of this support would suggest that the recent pullback remains corrective in nature and that the broader bullish structure could remain intact.

However, a decisive break below 1.3899 would weaken the bullish outlook and could trigger a deeper correction. In such a scenario, the next bearish target would be the 1.3816 level, where further buying interest may emerge.

Overall, 1.3899 is the key level to watch. A technical rebound from this zone would support the continuation of the broader bullish trend, while a breakdown below it could open the door to further downside toward 1.3816.

Resistance Levels: 1.3982, 1.4085

Support Levels:1.3899, 1.3816

Start trading with an edge today

Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.

  • Start trading with deposits as low as $50 on our standard accounts.
  • Get access to 24/7 support.
  • Access hundreds of instruments, free educational tools, and some of the best promotions around.
Join Now

Latest Posts

Fast And Easy Account Opening

Create account
  • 1

    Register

    Sign up for a PU Prime Live Account with our hassle-free process.

  • 2

    Fund

    Effortlessly fund your account with a wide range of channels and accepted currencies.

  • 3

    Start Trading

    Access hundreds of instruments under market-leading trading conditions.

Important Notice: Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely on your own initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on a reverse solicitation basis in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!