AUD/CAD – 30M – SELLThe currency pair jumps from the ascending trendline down.
The bearish trend downwards to the next support at 0.91829 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.92701 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.92184 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 0.92701 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92794 |
| 2nd High | 0.92728 |
| Next High | 0.92701 |
| Current Price | 0.92053 |
| Next Low | 0.91829 |
| 2nd Low | 0.91742 |
| 3rd Low | 0.91723 |