In addition a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 106.23611 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 106.693 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 106.693 |
| Current Price | 106.55700 |
| Next Low | 106.171 |
| 2nd Low | 105.175 |
| 3rd Low | 104.718 |
106.693 – 105.179 – 105.527 – 106.171 – 105.175 – 104.718 —
106.40900 – 106.71100 —
55.570184177173 – 66.04919848966 —
– —
106.69300 – 1768316400
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – – – – – – – – –