AUD/CAD – 1H – SELLThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline down.
The bearish trend down to the next support level at 0.89216 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.89452 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89671 |
| 2nd High | 0.89608 |
| Next High | 0.89452 |
| Current Price | 0.89068 |
| Next Low | 0.89216 |
| 2nd Low | 0.89080 |
| 3rd Low | 0.88940 |
0.89452 – 0.89608 – 0.89306 – 0.89216 – 0.89080 – 0.88940
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double top chart pattern