AUD/CAD – 1H – BUYThe pair jumps from the bullish trendline up.
A continuation of the upward movement up to the next resistance line at 0.93041 is likely expected.
Caution: A possible counter-trend in the direction of support at 0.92449 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 0.93041 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.93041 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93762 |
| 2nd High | 0.93191 |
| Next High | 0.93041 |
| Current Price | 0.92827 |
| Next Low | 0.92449 |
| 2nd Low | 0.91823 |
| 3rd Low | 0.91542 |