AUD/CAD – 30M – SELLThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline down.
A bearish trend down to the next support at 0.89668 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.89987 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.897795 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.89987 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90517 |
| 2nd High | 0.90009 |
| Next High | 0.89987 |
| Current Price | 0.89793 |
| Next Low | 0.89668 |
| 2nd Low | 0.89550 |
| 3rd Low |