AUD/CAD – 1H – SELLThe combination goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 0.91589 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.92510 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.91589 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.92510 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92923 |
| 2nd High | 0.92791 |
| Next High | 0.92510 |
| Current Price | 0.91755 |
| Next Low | 0.91589 |
| 2nd Low | 0.91542 |
| 3rd Low | 0.91044 |