AUD/CAD – 30M – BUYThe currency pair goes from the ascending trendline downwards
A bearish descent down to the next support level at 0.92007 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.92548 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 0.9237 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.92548 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92923 |
| 2nd High | 0.92791 |
| Next High | 0.92548 |
| Current Price | 0.92177 |
| Next Low | 0.92007 |
| 2nd Low | 0.91949 |
| 3rd Low | 0.91589 |