AUD/CAD – 4H – SELLThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 0.88881 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.90173 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90868 |
| 2nd High | 0.90789 |
| Next High | 0.90173 |
| Current Price | 0.89082 |
| Next Low | 0.88881 |
| 2nd Low | |
| 3rd Low |