AUD/CAD – 1H – SELLThe pair jumps from the bearish trendline down.
A continuation of the downtrend down to the next support level at 0.91542 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.92466 is within the realm of possibility.
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 | 0.91967 |
| Next Low | 0.91542 |
| 2nd Low | 0.91044 |
| 3rd Low | 0.90955 |