AUD/CAD – 1H – SELLThe pair jumps from the bullish trendline down.
A bearish trend downwards to the next support line at 0.91829 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.92393 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 0.92074636 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.92393 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.92635 |
| Next High | 0.92393 |
| Current Price | 0.92325 |
| Next Low | 0.91829 |
| 2nd Low | 0.91742 |
| 3rd Low | 0.91723 |