AUD/CAD – 30M – SELLThe combination goes from the descending trendline downwards
A continuation of the downward movement down to the next support line at 0.92007 is expected.
Caution: A possible change in the direction of resistance at 0.92510 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.92007 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 0.92510 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92791 |
| 2nd High | 0.92548 |
| Next High | 0.92510 |
| Current Price | 0.92115 |
| Next Low | 0.92007 |
| 2nd Low | 0.91949 |
| 3rd Low | 0.91589 |