Buy AUD/CAD – 1H – BUY

The currency pair breaks through the descending trendline upwards

An ascending movement up to the next resistance at 0.92022 is considered certain.

Caution: A possible change in the direction of the support zone at 0.91580 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.922515 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 0.92022 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Support & Resistance Price Range*
3rd High 0.92791
2nd High 0.92510
Next High 0.92022
Current Price 0.91928
Next Low 0.91580
2nd Low 0.91542
3rd Low 0.91044

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