AUD/USD – 1H – SELLCorrection of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.68452 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.69045 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.69078 |
| Next High | 0.69045 |
| Current Price | 0.68765 |
| Next Low | 0.68177 |
| 2nd Low | 0.68139 |
| 3rd Low | 0.67826 |