AUD/USD – 30M – SELLThe currency pair goes from the ascending trendline down.
The bearish trend down to the next support line at 0.66965 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.67615 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.67146 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.67615 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.68100 |
| 2nd High | 0.67691 |
| Next High | 0.67615 |
| Current Price | 0.67134 |
| Next Low | 0.66965 |
| 2nd Low | 0.66919 |
| 3rd Low | 0.66564 |