AUD/CAD – 30M – SELLThe combination goes from the ascending trendline down.
A bearish movement downwards to the next support line at 0.90989 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.91716 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 0.914105 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 0.91716 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91840 |
| 2nd High | 0.91832 |
| Next High | 0.91716 |
| Current Price | 0.91558 |
| Next Low | 0.90989 |
| 2nd Low | 0.90955 |
| 3rd Low | 0.90384 |