AUD/USD – 1H – BUYThe pair jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 0.67826 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 0.68388 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.68465 |
| Next Low | 0.67826 |
| 2nd Low | 0.67372 |
| 3rd Low | 0.66919 |