AUD/USD – 1H – SELLThe combination jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 0.66580 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.67257 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 is likely expected. Target of the current trend is 0.66818124 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.67257 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.67589 |
| 2nd High | 0.67324 |
| Next High | 0.67257 |
| Current Price | 0.66862 |
| Next Low | 0.66580 |
| 2nd Low | 0.66564 |
| 3rd Low | 0.66218 |