AUD/CAD – 30M – SELLThe combination goes from the ascending trendline down.
The bearish trend downwards to the next support at 0.92072 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.92466 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.92072 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.92466 could occur.
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 | 0.92204 |
| Next Low | 0.92072 |
| 2nd Low | 0.91914 |
| 3rd Low | 0.91829 |