AUD/CAD – 1H – SELLThe currency pair moves from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 0.91914 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.92849 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 0.92472 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 0.92849 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93762 |
| 2nd High | 0.93191 |
| Next High | 0.92849 |
| Current Price | 0.92368 |
| Next Low | 0.91914 |
| 2nd Low | 0.91829 |
| 3rd Low | 0.91742 |