AUD/CAD – 30M – SELLThe pair goes from the ascending trendline down.
The bearish trend down to the next support level at 0.92184 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.92701 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.9232796 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.92701 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92794 |
| 2nd High | 0.92728 |
| Next High | 0.92701 |
| Current Price | 0.92401 |
| Next Low | 0.92184 |
| 2nd Low | 0.92133 |
| 3rd Low | 0.91829 |