AUD/CAD – 1H – SELLThe pair jumps from the bullish trendline downwards
A descent downwards to the next support at 0.92184 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.92794 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.924635 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.92794 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.92794 |
| Current Price | 0.92500 |
| Next Low | 0.92184 |
| 2nd Low | 0.92133 |
| 3rd Low | 0.91829 |