AUD/CAD – 30M – SELLThe combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the ascending trendline down.
A bearish trend downwards to the next support level at 0.90704 is expected.
Caution: A possible change in the direction of resistance at 0.91168 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.908035 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 0.91168 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91611 |
| 2nd High | 0.91208 |
| Next High | 0.91168 |
| Current Price | 0.90952 |
| Next Low | 0.90704 |
| 2nd Low | 0.90494 |
| 3rd Low | 0.90439 |