AUD/CAD – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.917095 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.92703 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92923 |
| 2nd High | 0.92791 |
| Next High | 0.92703 |
| Current Price | 0.92180 |
| Next Low | 0.90716 |
| 2nd Low | 0.90384 |
| 3rd Low | 0.90186 |