AUD/USD – 30M – SELLThe combination jumps from the ascending trendline downwards
A descent down to the next support level at 0.68984 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 0.69342 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.69049 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.69342 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.69420 |
| Next High | 0.69342 |
| Current Price | 0.69069 |
| Next Low | 0.68984 |
| 2nd Low | 0.68960 |
| 3rd Low | 0.68678 |