AUD/CAD – 30M – SELLThe combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the ascending trendline down.
A bearish trend downwards to the next support level at 0.89216 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.89452 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89671 |
| 2nd High | 0.89608 |
| Next High | 0.89452 |
| Current Price | 0.89209 |
| Next Low | 0.89216 |
| 2nd Low | 0.89080 |
| 3rd Low | 0.88940 |
0.89452 – 0.89608 – 0.89306 – 0.89216 – 0.89231 – 0.89227
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Shooting Star – Double bottom retreat down