Sell AUD/CAD – 1H – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support at 0.88594 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.89118 could be enabled.
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 0.88891
Next Low 0.88594
2nd Low 0.88577
3rd Low 0.88001

0.89118 – 0.89506 – 0.89307 – 0.88594 – 0.88577 – 0.88882

Trading Signals:

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