AUD/USD – 30M – SELLThe pair goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 0.68678 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.69342 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.68836788 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.69342 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.69420 |
| Next High | 0.69342 |
| Current Price | 0.68889 |
| Next Low | 0.68678 |
| 2nd Low | 0.68177 |
| 3rd Low | 0.68139 |