AUD/CAD – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.90752 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.91333 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91811 |
| 2nd High | 0.91672 |
| Next High | 0.91333 |
| Current Price | 0.91001 |
| Next Low | 0.90384 |
| 2nd Low | 0.90186 |
| 3rd Low | 0.90171 |