AUD/CAD – 1H – SELLThe combination jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 0.92072 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.92466 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93191 |
| 2nd High | 0.92849 |
| Next High | 0.92466 |
| Current Price | 0.92224 |
| Next Low | 0.92072 |
| 2nd Low | 0.91914 |
| 3rd Low | 0.91829 |