AUD/CAD – 30M – SELLThe pair moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 0.91914 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.92466 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 0.92072 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 0.92466 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93007 |
| 2nd High | 0.92849 |
| Next High | 0.92466 |
| Current Price | 0.91973 |
| Next Low | 0.91914 |
| 2nd Low | 0.91829 |
| 3rd Low | 0.91742 |