AUD/USD – 1H – BUYThe pair moves from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance level at 0.69078 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.68139 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 0.68675384 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.69078 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.69078 |
| Current Price | 0.68408 |
| Next Low | 0.68139 |
| 2nd Low | 0.67826 |
| 3rd Low | 0.67372 |