The pair Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance line at 0.70962 is likely expected.
Caution: A possible change in the direction of the support level at 0.70277 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 0.70969 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 0.70962 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71443 |
| 2nd High | 0.70969 |
| Next High | 0.70962 |
| Current Price | 0.70850 |
| Next Low | 0.70277 |
| 2nd Low | 0.70132 |
| 3rd Low | 0.70075 |
0.70763 – 0.70962 – 0.70856 – 0.70277 – 0.70459 – 0.70669 —
0.70777 – 0.70855 —
61.730083854978 – 62.942306841263 —
– —
0.70763 – 1771329600
Trading Signals: FOREX – AUD – AUD/USD – USD – – – – – – – – – –