AUD/USD – 1H – SELLThe pair jumps from the bullish trendline down.
A bearish movement down to the next support line at 0.68751 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.69154 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.68763724 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 0.69154 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.69420 |
| Next High | 0.69154 |
| Current Price | 0.68803 |
| Next Low | 0.68751 |
| 2nd Low | 0.68561 |
| 3rd Low | 0.68177 |