AUD/CAD – 30M – BUYThe pair moves from the bullish trendline downwards
A descending movement down to the next support line at 0.91087 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.91330 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-Level.Continuation of the current ascending trend will continue. Current target is 0.9131946 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.91330 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91840 |
| 2nd High | 0.91832 |
| Next High | 0.91330 |
| Current Price | 0.91281 |
| Next Low | 0.91087 |
| 2nd Low | 0.91044 |
| 3rd Low | 0.90955 |