AUD/CAD – 1H – BUYThe combination breaks through the descending trendline up.
The bullish trend upwards to the next resistance level at 0.92010 is considered certain.
Caution: A possible change in the direction of support at 0.90716 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 0.92014 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance line at 0.92010 should be noted.
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 | 0.91950 |
| Next Low | 0.90716 |
| 2nd Low | 0.90384 |
| 3rd Low | 0.90186 |