AUD/USD – 30M – BUYThe currency pair goes from the descending trendline down.
A continuation of the downtrend down to the next support level at 0.68253 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.68534 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 0.68534 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.68534 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.68534 |
| Current Price | 0.68446 |
| Next Low | 0.68253 |
| 2nd Low | 0.67998 |
| 3rd Low | 0.67967 |