AUD/CAD – 30M – BUYThe combination jumps from the bearish trendline up.
An ascent up to the next resistance line at 0.92147 is certain.
Caution: A possible counter-trend in the direction of the support level at 0.91542 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 0.921955 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.92147 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92849 |
| 2nd High | 0.92466 |
| Next High | 0.92147 |
| Current Price | 0.91927 |
| Next Low | 0.91542 |
| 2nd Low | 0.91044 |
| 3rd Low | 0.90955 |