AUD/CAD – 30M – SELLThe pair moves from the ascending trendline downwards
The bearish trend downwards to the next support line at 0.92564 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.92875 could happen.
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 expected. Target of the current trend is 0.92600172 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.92875 could happen.
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 | 0.92875 |
| Current Price | 0.92681 |
| Next Low | 0.92564 |
| 2nd Low | 0.92464 |
| 3rd Low | 0.92449 |