AUD/USD – 1H – BUYThe pair moves from the descending trendline down.
A continuation of the downward movement down to the next support line at 0.67826 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.68534 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.68534 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.68534 is within the realm of possibility.
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 | 0.68446 |
| Next Low | 0.67826 |
| 2nd Low | 0.67372 |
| 3rd Low | 0.66919 |