AUD/CAD – 30M – BUYThe currency pair moves from the ascending trendline down.
A bearish movement downwards to the next support line at 0.92245 is certain.
Caution: A possible change in the direction of resistance at 0.92683 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.92683 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 0.92683 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.92683 |
| Current Price | 0.92483 |
| Next Low | 0.92245 |
| 2nd Low | 0.91829 |
| 3rd Low | 0.91742 |