Buy AUD/CAD – 1H – BUY

The pair jumps from the ascending trendline downwards

The bearish trend down to the next support level at 0.91580 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.92510 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.923105 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.92510 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Support & Resistance Price Range*
3rd High 0.92923
2nd High 0.92791
Next High 0.92510
Current Price 0.91969
Next Low 0.91580
2nd Low 0.91542
3rd Low 0.91044

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