AUD/CAD – 1H – SELLThe pair moves from the ascending trendline downwards
A bearish movement down to the next support level at 0.91589 will persist.
Caution: A possible change in the direction of the resistance zone at 0.92791 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.91931672 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 0.92791 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93041 |
| 2nd High | 0.92923 |
| Next High | 0.92791 |
| Current Price | 0.92197 |
| Next Low | 0.91589 |
| 2nd Low | 0.91542 |
| 3rd Low | 0.91044 |