AUD/CAD – 30M – SELLThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the descending trendline down.
A continuation of the downtrend down to the next support line at 0.88594 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.89102 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89135 |
| 2nd High | 0.89118 |
| Next High | 0.89102 |
| Current Price | 0.88871 |
| Next Low | 0.88594 |
| 2nd Low | 0.88577 |
| 3rd Low | 0.88001 |
0.89102 – 0.89118 – 0.89098 – 0.88594 – 0.88833 – 0.88577
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down