AUD/CAD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.90715592 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 0.91168 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91611 |
| 2nd High | 0.91208 |
| Next High | 0.91168 |
| Current Price | 0.90980 |
| Next Low | 0.90704 |
| 2nd Low | 0.90439 |
| 3rd Low | 0.90384 |