AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline upwards
An ascent up to the next resistance line at 0.64787 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.64426 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.64849662 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.64787 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.64880 |
| 2nd High | 0.64810 |
| Next High | 0.64787 |
| Current Price | 0.64741 |
| Next Low | 0.64426 |
| 2nd Low | 0.64404 |
| 3rd Low |