The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 0.88577 is expected.
Caution: A possible change in the direction of resistance at 0.89118 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.89671 |
2nd High | 0.89506 |
Next High | 0.89118 |
Current Price | 0.88690 |
Next Low | 0.88577 |
2nd Low | 0.88001 |
3rd Low | 0.87970 |
0.89118 – 0.89506 – 0.89307 – 0.88577 – 0.88882 – 0.88754
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down