AUD/CAD – 30M – SELLThe combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the ascending trendline downwards
A bearish descent downwards to the next support line at 0.90384 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.91205 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.90884 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 0.91205 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91747 |
| 2nd High | 0.91611 |
| Next High | 0.91205 |
| Current Price | 0.90672 |
| Next Low | 0.90384 |
| 2nd Low | 0.90186 |
| 3rd Low | 0.90171 |