The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.89830 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.90396 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.91347 |
2nd High | 0.90461 |
Next High | 0.90396 |
Current Price | 0.90158 |
Next Low | 0.89830 |
2nd Low | |
3rd Low |