AUD/CAD – 1H – SELLThe pair moves from the ascending trendline down.
A descent down to the next support line at 0.92133 is certain.
Caution: A possible change in the direction of the resistance zone at 0.92672 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.92256 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.92672 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.92683 |
| Next High | 0.92672 |
| Current Price | 0.92436 |
| Next Low | 0.92133 |
| 2nd Low | 0.91829 |
| 3rd Low | 0.91742 |