AUD/CAD – 1H – SELLThe combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 0.89210 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.89667 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90110 |
| 2nd High | 0.89671 |
| Next High | 0.89667 |
| Current Price | 0.89506 |
| Next Low | 0.89210 |
| 2nd Low | 0.89051 |
| 3rd Low | 0.88940 |
0.89667 – 0.89607 – 0.89452 – 0.89210 – 0.89051 – 0.89216