AUD/USD – 30M – SELLThe pair jumps from the ascending trendline down.
A descending movement down to the next support at 0.68561 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.69154 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.68561 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.69154 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.69420 |
| 2nd High | 0.69342 |
| Next High | 0.69154 |
| Current Price | 0.68721 |
| Next Low | 0.68561 |
| 2nd Low | 0.68177 |
| 3rd Low | 0.68139 |