AUD/CAD – 30M – BUYThe currency pair jumps from the descending trendline upwards
An ascending movement upwards to the next resistance level at 0.93762 will continue.
Caution: A possible change in the direction of the support level at 0.92675 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 0.932195 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 0.93762 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.93764 |
| Next High | 0.93762 |
| Current Price | 0.93028 |
| Next Low | 0.92675 |
| 2nd Low | 0.91914 |
| 3rd Low | 0.91829 |