AUD/CAD – 30M – SELLThe currency pair moves from the bullish trendline downwards
A descending movement down to the next support level at 0.91580 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.92443 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.9158 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 0.92443 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92548 |
| 2nd High | 0.92510 |
| Next High | 0.92443 |
| Current Price | 0.91774 |
| Next Low | 0.91580 |
| 2nd Low | 0.91542 |
| 3rd Low | 0.91044 |