AUD/CAD – 4H – SELLThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.88881 is likely expected.
Caution: A possible change in the direction of resistance at 0.90173 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.88881 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.90173 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90868 |
| 2nd High | 0.90789 |
| Next High | 0.90173 |
| Current Price | 0.89103 |
| Next Low | 0.88881 |
| 2nd Low | |
| 3rd Low |