AUD/CAD – 30M – SELLThe pair goes from the bullish trendline downwards
A bearish trend down to the next support at 0.90716 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.92606 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.917095 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.92606 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92791 |
| 2nd High | 0.92703 |
| Next High | 0.92606 |
| Current Price | 0.92207 |
| Next Low | 0.90716 |
| 2nd Low | 0.90384 |
| 3rd Low | 0.90186 |