AUD/CAD – 1H – SELLThe pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline down.
The bearish trend down to the next support at 0.88889 is expected.
Caution: A possible change in the direction of the resistance line at 0.89469 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89671 |
| 2nd High | 0.89506 |
| Next High | 0.89469 |
| Current Price | 0.88907 |
| Next Low | 0.88889 |
| 2nd Low | 0.88722 |
| 3rd Low | 0.88657 |
0.89469 – 0.89328 – 0.89178 – 0.88889 – 0.89065 – 0.89056
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows