AUD/CAD – 30M – SELLThe pair jumps from the bullish trendline downwards
A bearish movement downwards to the next support at 0.92783 is certain.
Caution: A possible change in the direction of the resistance zone at 0.93762 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.92692 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.93762 could occur.
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 | 0.92861 |
| Next Low | 0.92783 |
| 2nd Low | 0.92692 |
| 3rd Low | 0.92675 |