AUD/USD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.68107 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 0.68229 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.68388 |
| 2nd High | 0.68284 |
| Next High | 0.68229 |
| Current Price | 0.68061 |
| Next Low | 0.67967 |
| 2nd Low | 0.67826 |
| 3rd Low | 0.67372 |