AUD/CAD – 1H – SELLThe currency pair jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 0.91680 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.92072 could happen.
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 | 0.92072 |
| Current Price | 0.91518 |
| Next Low | 0.91680 |
| 2nd Low | 0.91580 |
| 3rd Low | 0.91542 |