AUD/CAD – 1H – BUYThe pair breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance line at 0.93191 will persist.
Caution: A possible change in the direction of support at 0.92739 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 0.932195 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 0.93191 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93764 |
| 2nd High | 0.93762 |
| Next High | 0.93191 |
| Current Price | 0.92957 |
| Next Low | 0.92739 |
| 2nd Low | 0.92692 |
| 3rd Low | 0.92675 |