AUD/USD – 30M – SELLThe combination Australian Dollar/US Dollar (AUD/USD) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support line at 0.63363 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.63775 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.63447 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 0.63775 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63833 |
| 2nd High | 0.63824 |
| Next High | 0.63775 |
| Current Price | 0.63444 |
| Next Low | 0.63363 |
| 2nd Low | |
| 3rd Low |