AUD/CAD – 30M – SELLThe pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 0.89106 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.89536 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.89363956 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.89536 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89829 |
| 2nd High | 0.89718 |
| Next High | 0.89536 |
| Current Price | 0.89333 |
| Next Low | 0.89106 |
| 2nd Low | 0.88972 |
| 3rd Low | 0.88807 |
0.89536 – 0.89239 – 0.89308 – 0.89106 – 0.88972 – 0.88807