AUD/CAD – 1H – SELLCorrection of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.90716 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support zone at 0.91611 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92703 |
| 2nd High | 0.91821 |
| Next High | 0.91611 |
| Current Price | 0.91030 |
| Next Low | 0.90884 |
| 2nd Low | 0.90716 |
| 3rd Low | 0.90384 |