AUD/CAD – 1H – SELLThe combination goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 0.90989 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.91716 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.91244588 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 0.91716 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92072 |
| 2nd High | 0.91832 |
| Next High | 0.91716 |
| Current Price | 0.91434 |
| Next Low | 0.90989 |
| 2nd Low | 0.90955 |
| 3rd Low | 0.90384 |