AUD/CAD – 30M – SELLThe pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 0.89731 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.90009 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.89623 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.90009 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90785 |
| 2nd High | 0.90517 |
| Next High | 0.90009 |
| Current Price | 0.89813 |
| Next Low | 0.89731 |
| 2nd Low | 0.89623 |
| 3rd Low |