AUD/CAD – 30M – BUYThe pair moves from the ascending trendline down.
The bearish trend downwards to the next support level at 0.90989 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.91716 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.91651598 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.91716 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91840 |
| 2nd High | 0.91832 |
| Next High | 0.91716 |
| Current Price | 0.91445 |
| Next Low | 0.90989 |
| 2nd Low | 0.90955 |
| 3rd Low | 0.90384 |