AUD/CAD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.89623 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 0.90009 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90789 |
| 2nd High | 0.90785 |
| Next High | 0.90009 |
| Current Price | 0.89810 |
| Next Low | 0.89623 |
| 2nd Low | |
| 3rd Low |