AUD/CAD – 1H – SELLThe currency pair jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 0.91486 will persist.
Caution: A possible change in the direction of the resistance level at 0.92072 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92791 |
| 2nd High | 0.92510 |
| Next High | 0.92072 |
| Current Price | 0.91440 |
| Next Low | 0.91486 |
| 2nd Low | 0.91044 |
| 3rd Low | 0.90955 |