AUD/CAD – 1H – SELLThe currency pair goes from the bullish trendline downwards
A descent down to the next support at 0.90171 is expected.
Caution: A possible change in the direction of the resistance zone at 0.90642 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.90171 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 0.90642 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91203 |
| 2nd High | 0.90649 |
| Next High | 0.90642 |
| Current Price | 0.90298 |
| Next Low | 0.90171 |
| 2nd Low | 0.90153 |
| 3rd Low | 0.90098 |