AUD/CAD – 30M – SELLThe pair jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 0.92464 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.92923 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93074 |
| 2nd High | 0.93041 |
| Next High | 0.92923 |
| Current Price | 0.92482 |
| Next Low | 0.92464 |
| 2nd Low | 0.92449 |
| 3rd Low | 0.92119 |