AUD/USD – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.67013 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.67257 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.67373 |
| 2nd High | 0.67324 |
| Next High | 0.67257 |
| Current Price | 0.66984 |
| Next Low | 0.66580 |
| 2nd Low | 0.66564 |
| 3rd Low | 0.66218 |