AUD/CAD – 4H – SELLThe pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline down.
A bearish trend down to the next support at 0.90002 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.91347 should be noted.
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 considered certain. Current target is 0.90002 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 0.91347 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91641 |
| 2nd High | 0.91378 |
| Next High | 0.91347 |
| Current Price | 0.90054 |
| Next Low | 0.90002 |
| 2nd Low | |
| 3rd Low |