AUD/CAD – 30M – BUYThe combination goes from the ascending trendline down.
A descending movement downwards to the next support at 0.92007 is expected.
Caution: A possible change in the direction of the resistance line at 0.92548 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.92592288 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 0.92548 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92923 |
| 2nd High | 0.92791 |
| Next High | 0.92548 |
| Current Price | 0.92411 |
| Next Low | 0.92007 |
| 2nd Low | 0.91949 |
| 3rd Low | 0.91589 |