AUD/CAD – 30M – SELLThe combination moves from the descending trendline down.
A continuation of the downward movement down to the next support level at 0.91936 is likely expected.
Caution: A possible change in the direction of the resistance level at 0.92923 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.91936 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 0.92923 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93074 |
| 2nd High | 0.93041 |
| Next High | 0.92923 |
| Current Price | 0.92115 |
| Next Low | 0.91936 |
| 2nd Low | 0.91823 |
| 3rd Low | 0.91542 |