AUD/CAD – 1H – SELLThe 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