AUD/CAD – 1H – BUYThe pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support line at 0.90733 is expected.
Caution: A possible change in the direction of the resistance zone at 0.91065 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.910605 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 0.91065 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91293 |
| 2nd High | 0.91133 |
| Next High | 0.91065 |
| Current Price | 0.91001 |
| Next Low | 0.90733 |
| 2nd Low | 0.90704 |
| 3rd Low | 0.90439 |