AUD/CAD – 30M – BUYThe combination goes from the ascending trendline down.
The bearish trend downwards to the next support at 0.90171 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.90622 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.904065 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.90622 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90649 |
| 2nd High | 0.90642 |
| Next High | 0.90622 |
| Current Price | 0.90394 |
| Next Low | 0.90171 |
| 2nd Low | 0.90153 |
| 3rd Low | 0.90098 |