AUD/CAD – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.92274454 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 0.92794 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.92794 |
| Current Price | 0.92380 |
| Next Low | 0.92184 |
| 2nd Low | 0.92133 |
| 3rd Low | 0.91829 |