Sell AUD/CAD – 1H – SELL

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:

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