AUD/CAD – 30M – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline down.
A bearish movement downwards to the next support line at 0.90865 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.91293 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 0.91046 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 0.91293 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91611 |
| 2nd High | 0.91388 |
| Next High | 0.91293 |
| Current Price | 0.90891 |
| Next Low | 0.90865 |
| 2nd Low | 0.90704 |
| 3rd Low | 0.90494 |