AUD/CAD – 1H – BUYThe currency pair jumps from the bullish trendline downwards
A bearish movement downwards to the next support level at 0.92472 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.93191 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.93118 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.93191 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93764 |
| 2nd High | 0.93762 |
| Next High | 0.93191 |
| Current Price | 0.92811 |
| Next Low | 0.92472 |
| 2nd Low | 0.91914 |
| 3rd Low | 0.91829 |