AUD/CAD Long-Term Trend: Bearish
Key Resistance Levels: 0.9313, 0.9402, 0.9438
Key Support Levels: 0.9218, 0.9177, 0.9113
The price on the higher time frame has broken a support level of 0.9336 after facing rejection from the upside. The price has also broken the trendline and did a pullback before it continued the momentum to the downside.
AUD/CAD Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the major trend’s direction. The price has been trading in a small range and recently it broke a support level of 0.9292. The pair has retested that level and continuing the move downside.
Sell Stop Order @ 0.9273
TP 1 @ 0.9226
TP 2 @ 0.9178
Stop Loss @ 0.9320
Trade Safely 🙂