AUD/USD – 1H – SELLThe pair goes from the descending trendline down.
A continuation of the downward movement downwards to the next support at 0.67372 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.68100 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 0.67852 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 0.68100 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.69420 |
| 2nd High | 0.69154 |
| Next High | 0.68100 |
| Current Price | 0.67591 |
| Next Low | 0.67372 |
| 2nd Low | 0.66919 |
| 3rd Low | 0.66564 |