AUD/CAD – 30M – SELLThe pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline downwards
A bearish movement downwards to the next support level at 0.90711 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.91065 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.90711 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.91065 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91293 |
| 2nd High | 0.91133 |
| Next High | 0.91065 |
| Current Price | 0.90763 |
| Next Low | 0.90711 |
| 2nd Low | 0.90704 |
| 3rd Low | 0.90494 |