AUD/CAD – 1H – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 0.89714 is expected.
Caution: A possible change in the direction of the support level at 0.89215 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 0.89681148 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance line at 0.89714 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90032 |
| 2nd High | 0.89899 |
| Next High | 0.89714 |
| Current Price | 0.89509 |
| Next Low | 0.89215 |
| 2nd Low | 0.88881 |
| 3rd Low |