AUD/CAD – 30M – SELLThe pair goes from the ascending trendline downwards
A bearish movement downwards to the next support line at 0.91848 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.92270 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.91760064 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 0.92270 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92849 |
| 2nd High | 0.92466 |
| Next High | 0.92270 |
| Current Price | 0.91873 |
| Next Low | 0.91848 |
| 2nd Low | 0.91542 |
| 3rd Low | 0.91044 |