AUD/CAD – 1H – BUYThe combination breaks through the descending trendline up.
A bullish movement upwards to the next resistance at 0.91716 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 0.90989 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92072 |
| 2nd High | 0.91832 |
| Next High | 0.91716 |
| Current Price | 0.91656 |
| Next Low | 0.90989 |
| 2nd Low | 0.90955 |
| 3rd Low | 0.90384 |