AUD/CAD – 1H – SELL
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.92675 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 0.93191 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.93764 |
2nd High | 0.93762 |
Next High | 0.93191 |
Current Price | 0.92837 |
Next Low | 0.92739 |
2nd Low | 0.92692 |
3rd Low | 0.92675 |