AUD/CAD – 30M – SELLThe pair goes from the bearish trendline down.
A continuation of the downtrend down to the next support line at 0.92675 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.93762 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.92908046 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.93762 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.93764 |
| Next High | 0.93762 |
| Current Price | 0.92980 |
| Next Low | 0.92675 |
| 2nd Low | 0.91914 |
| 3rd Low | 0.91829 |