In addition a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 112.55342 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 112.885 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113.953 |
| 2nd High | 113.736 |
| Next High | 112.885 |
| Current Price | 112.63800 |
| Next Low | 111.623 |
| 2nd Low | 111.48 |
| 3rd Low | 111.284 |
112.575 – 111.91 – 112.444 – 111.623 – 111.48 – 111.822 —
112.85400 – 112.91800 —
77.883350139119 – 65.52283954072 —
– —
112.575 – 1773700200
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – – – – – – – – –