AUD/CAD – 4H – SELLThe pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at 0.88754 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.89506 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90423 |
| 2nd High | 0.90110 |
| Next High | 0.89506 |
| Current Price | 0.88719 |
| Next Low | 0.88754 |
| 2nd Low | 0.87970 |
| 3rd Low | 0.87890 |
0.89506 – 0.90110 – 0.90423 – 0.88754 – 0.89232 – 0.88933
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down