AUD/CAD Long-Term Trend: Bearish
Key Resistance Levels: 0.8976, 0.9034, 0.9103
Key Support Levels: 0.8855, 0.8789, 0.8705
The price on the higher time frame has been in a downtrend after ir faced a rejection from the 0.9500 level. There was a good momentum and the price broke the support level 0.9103 and then another minor level of 0.8976 level and did a retest.
AUD/CAD Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the major trend’s direction. The price broke a support level of 0.9034 and continued the momentum. After breaking another support level of 0.8976 the price did a retest and is continuing the trend again.
Sell Stop Order @ 0.8917
TP 1 @ 0.8852
TP 2 @ 0.8787
Stop Loss @ 0.8982
Trade Safely 🙂