AUD/USD – 1H – BUYThe pair breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 0.68200 is likely expected.
Caution: A possible change in the direction of the support line at 0.67372 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.682 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 0.68200 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.68237 |
| Next High | 0.68200 |
| Current Price | 0.68136 |
| Next Low | 0.67372 |
| 2nd Low | 0.66919 |
| 3rd Low | 0.66564 |