The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 0.96151 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.96571 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.96194572 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.96571 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.96979 |
| 2nd High | 0.96607 |
| Next High | 0.96571 |
| Current Price | 0.96377 |
| Next Low | 0.96151 |
| 2nd Low | 0.96056 |
| 3rd Low | 0.95981 |
0.96571 – 0.96607 – 0.96979 – 0.96151 – 0.96317 – 0.96056 —
0.96376 – 0.96495 —
48.249205182864 – 61.118338722804 —
– —
0.96571 – 1771254000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Head and Shoulder chart pattern – – – – – – – –