AUD/USD – 30M – SELLThe pair jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 0.68561 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.69154 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.69420 |
| 2nd High | 0.69342 |
| Next High | 0.69154 |
| Current Price | 0.68640 |
| Next Low | 0.68561 |
| 2nd Low | 0.68177 |
| 3rd Low | 0.68139 |