AUD/CAD – 30M – BUYThe pair moves from the ascending trendline down.
A descending movement down to the next support line at 0.92184 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.92794 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 0.9266346 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.92794 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.92794 |
| Current Price | 0.92527 |
| Next Low | 0.92184 |
| 2nd Low | 0.92133 |
| 3rd Low | 0.91829 |