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 at 0.88412 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.88793 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88999 |
| 2nd High | 0.88986 |
| Next High | 0.88793 |
| Current Price | 0.88705 |
| Next Low | 0.88412 |
| 2nd Low | 0.87991 |
| 3rd Low | 0.87890 |
0.88793 – 0.88986 – 0.88922 – 0.88412 – 0.88654 – 0.87991