AUD/USD – 1H – SELLThe combination jumps from the bullish trendline down.
The bearish trend down to the next support at 0.67826 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.68534 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.68259768 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 0.68534 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.68534 |
| Current Price | 0.68336 |
| Next Low | 0.67826 |
| 2nd Low | 0.67372 |
| 3rd Low | 0.66919 |