AUD/CAD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.89536 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 0.89536 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89829 |
| 2nd High | 0.89718 |
| Next High | 0.89536 |
| Current Price | 0.89544 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.89536 – 0.89239 – 0.89308 – 0.89106 – 0.88972 – 0.88807