AUD/CAD – 30M – SELLThe pair moves from the ascending trendline down.
A bearish descent downwards to the next support level at 0.91931 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.92125 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.91850452 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.92125 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92466 |
| 2nd High | 0.92147 |
| Next High | 0.92125 |
| Current Price | 0.92010 |
| Next Low | 0.91931 |
| 2nd Low | 0.91542 |
| 3rd Low | 0.91044 |