AUD/USD – 1H – SELLThe pair goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 0.66678 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.67257 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.66678 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.67257 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.67589 |
| 2nd High | 0.67324 |
| Next High | 0.67257 |
| Current Price | 0.66805 |
| Next Low | 0.66678 |
| 2nd Low | 0.66564 |
| 3rd Low | 0.66218 |