AUD/USD – 30M – SELLThe pair goes from the bullish trendline down.
A bearish movement downwards to the next support level at 0.68778 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.69342 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.68763724 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.69342 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.69420 |
| Next High | 0.69342 |
| Current Price | 0.68855 |
| Next Low | 0.68778 |
| 2nd Low | 0.68561 |
| 3rd Low | 0.68177 |