AUD/CAD – 30M – SELLThe currency pair goes from the ascending trendline downwards
A descending movement down to the next support line at 0.92133 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.92556 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.92408 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.92556 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.92683 |
| Next High | 0.92556 |
| Current Price | 0.92399 |
| Next Low | 0.92133 |
| 2nd Low | 0.91829 |
| 3rd Low | 0.91742 |