AUD/CAD – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.90850376 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.91293 should be noted.
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 | 0.90956 |
| Next Low | 0.90803 |
| 2nd Low | 0.90704 |
| 3rd Low | 0.90439 |