AUD/CAD – 30M – BUYThe pair jumps from the descending trendline upwards
An ascent up to the next resistance level at 0.92923 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 0.91936 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.9219678 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.92923 should be noted.
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 | 0.92923 |
| Current Price | 0.92124 |
| Next Low | 0.91936 |
| 2nd Low | 0.91823 |
| 3rd Low | 0.91542 |