AUD/CAD – 1H – SELLThe pair jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 0.92449 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.93041 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93762 |
| 2nd High | 0.93191 |
| Next High | 0.93041 |
| Current Price | 0.92779 |
| Next Low | 0.92449 |
| 2nd Low | 0.91823 |
| 3rd Low | 0.91542 |