AUD/CAD – 30M – SELLThe pair jumps from the ascending trendline down.
A descent downwards to the next support level at 0.92613 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.92856 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.92575688 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 0.92856 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93074 |
| 2nd High | 0.93041 |
| Next High | 0.92856 |
| Current Price | 0.92670 |
| Next Low | 0.92613 |
| 2nd Low | 0.92464 |
| 3rd Low | 0.92449 |