AUD/USD – 1H – BUYThe combination goes from the ascending trendline down.
A bearish trend down to the next support line at 0.66580 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.67257 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.670845 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.67257 could occur.
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 | 0.66961 |
| Next Low | 0.66580 |
| 2nd Low | 0.66564 |
| 3rd Low | 0.66218 |