AUD/CAD – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.928315 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.92751 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93074 |
| 2nd High | 0.93007 |
| Next High | 0.92751 |
| Current Price | 0.92697 |
| Next Low | 0.92472 |
| 2nd Low | 0.91914 |
| 3rd Low | 0.91829 |