AUD/CAD – 30M – SELLThe pair goes from the bullish trendline down.
A bearish trend down to the next support at 0.93368 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.93764 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.932195 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.93764 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.93764 |
| Current Price | 0.93444 |
| Next Low | 0.93368 |
| 2nd Low | 0.93157 |
| 3rd Low | 0.92675 |