AUD/CAD – 1H – SELLThe currency pair jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 0.91589 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.92923 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93191 |
| 2nd High | 0.93041 |
| Next High | 0.92923 |
| Current Price | 0.92560 |
| Next Low | 0.91589 |
| 2nd Low | 0.91542 |
| 3rd Low | 0.91044 |