AUD/USD – 30M – SELLThe pair moves from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 0.67018 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.67324 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
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 0.67018 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.67324 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.67446 |
| 2nd High | 0.67373 |
| Next High | 0.67324 |
| Current Price | 0.67073 |
| Next Low | 0.67018 |
| 2nd Low | 0.67001 |
| 3rd Low | 0.66965 |