The pair Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline down.
A continuation of the downtrend down to the next support level at 1.711 is likely expected.
Caution: A possible change in the direction of the resistance line at 1.7194 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74224 |
| 2nd High | 1.72119 |
| Next High | 1.7194 |
| Current Price | 1.71715 |
| Next Low | 1.711 |
| 2nd Low | 1.70989 |
| 3rd Low | 1.70527 |
1.7194 – 1.71927 – 1.71678 – 1.711 – 1.71109 – 1.70989 —
1.71798 – 1.71907 —
54.370504690375 – 59.492665770444 —
– —
1.71940 – 1769481000
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – – – – – – – – –