The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline down.
A descent downwards to the next support at 0.91038 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.91843 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.91038 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 0.91843 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91899 |
| 2nd High | 0.91887 |
| Next High | 0.91843 |
| Current Price | 0.91047 |
| Next Low | 0.91038 |
| 2nd Low | 0.91005 |
| 3rd Low | 0.90923 |
0.91843 – 0.91665 – 0.91671 – 0.91339 – 0.91353 – 0.91389 —
0.91307 – 0.91206 —
33.871219342851 – 40.433072684757 —
– —
0.91843 – 1763143200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Rising Wedge Chart Pattern – – – –