AUD/CAD – 30M – SELLThe combination goes from the bullish trendline downwards
A bearish descent down to the next support line at 0.91680 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.91996 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.9179948 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 0.91996 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92443 |
| 2nd High | 0.92022 |
| Next High | 0.91996 |
| Current Price | 0.91901 |
| Next Low | 0.91680 |
| 2nd Low | 0.91580 |
| 3rd Low | 0.91542 |