AUD/CAD – 1H – BUYThe combination breaks through the bearish trendline up.
An ascent up to the next resistance line at 0.92556 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.92256 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 0.92460924 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.92556 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.92683 |
| Next High | 0.92556 |
| Current Price | 0.92374 |
| Next Low | 0.92256 |
| 2nd Low | 0.92245 |
| 3rd Low | 0.91829 |