The currency pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline downwards
A descending movement down to the next support at 1.63813 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 1.64361 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64628 |
| 2nd High | 1.64496 |
| Next High | 1.64361 |
| Current Price | 1.64267 |
| Next Low | 1.63813 |
| 2nd Low | 1.63768 |
| 3rd Low | 1.6372 |
1.64361 – 1.64297 – 1.64287 – 1.63813 – 1.63768 – 1.6372 —
1.64529 – 1.64315 —
78.700838061744 – 48.394189399087 —
– —
1.64361 – 1781598600
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – – – – – – – – –