AUD/CAD – 1H – SELLThe currency pair moves from the bullish trendline down.
A descent down to the next support at 0.92675 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.93762 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.92839 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 0.93762 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.93764 |
| Next High | 0.93762 |
| Current Price | 0.93005 |
| Next Low | 0.92675 |
| 2nd Low | 0.91914 |
| 3rd Low | 0.91829 |