AUD/CAD – 1H – BUYThe pair moves from the ascending trendline down.
A descending movement downwards to the next support level at 0.91823 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.93191 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 0.93191 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.93191 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93764 |
| 2nd High | 0.93762 |
| Next High | 0.93191 |
| Current Price | 0.92996 |
| Next Low | 0.91823 |
| 2nd Low | 0.91542 |
| 3rd Low | 0.91044 |