Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.967415 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.97443 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.97497 |
| Next High | 0.97443 |
| Current Price | 0.96930 |
| Next Low | 0.95986 |
| 2nd Low | 0.95664 |
| 3rd Low | 0.94644 |
0.97443 – 0.97497 – 0.96899 – 0.95986 – 0.96884 – 0.96418 —
0.97041 – 0.97195 —
51.309787261274 – 58.488215175407 —
– —
0.97443 – 1772175600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –