AUD/CAD – 30M – SELLThe pair jumps from the ascending trendline down.
A descent down to the next support line at 0.92740 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.93074 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.92692 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.93074 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93762 |
| 2nd High | 0.93191 |
| Next High | 0.93074 |
| Current Price | 0.92845 |
| Next Low | 0.92740 |
| 2nd Low | 0.92739 |
| 3rd Low | 0.92692 |