AUD/CAD – 1H – BUYThe pair breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance line at is certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.91914 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.92958 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.93339 |
| Next Low | 0.91914 |
| 2nd Low | 0.91829 |
| 3rd Low | 0.91742 |