AUD/CAD – 30M – SELLThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline down.
A descent downwards to the next support at 0.90704 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 0.91208 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.908235 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.91208 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91747 |
| 2nd High | 0.91611 |
| Next High | 0.91208 |
| Current Price | 0.90963 |
| Next Low | 0.90704 |
| 2nd Low | 0.90494 |
| 3rd Low | 0.90439 |