AUD/CAD – 30M – SELLThe combination moves from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 0.92675 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.93762 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.92675 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.93762 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.93764 |
| Next High | 0.93762 |
| Current Price | 0.92886 |
| Next Low | 0.92675 |
| 2nd Low | 0.91914 |
| 3rd Low | 0.91829 |