AUD/CAD – 30M – SELLThe combination jumps from the ascending trendline down.
A bearish movement down to the next support line at 0.90989 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.92010 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.9120835 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.92010 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92072 |
| 2nd High | 0.92014 |
| Next High | 0.92010 |
| Current Price | 0.91183 |
| Next Low | 0.90989 |
| 2nd Low | 0.90955 |
| 3rd Low | 0.90384 |