AUD/CAD – 1H – BUYThe combination moves from the ascending trendline downwards
The bearish trend downwards to the next support line at 0.91914 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.92958 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 0.92958 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 0.92958 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.92958 |
| Current Price | 0.92839 |
| Next Low | 0.91914 |
| 2nd Low | 0.91829 |
| 3rd Low | 0.91742 |