AUD/CAD – 1H – BUYThe currency pair breaks through the descending trendline upwards
An ascending movement up to the next resistance at 0.92022 is considered certain.
Caution: A possible change in the direction of the support zone at 0.91580 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.922515 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 0.92022 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92791 |
| 2nd High | 0.92510 |
| Next High | 0.92022 |
| Current Price | 0.91928 |
| Next Low | 0.91580 |
| 2nd Low | 0.91542 |
| 3rd Low | 0.91044 |