AUD/USD – 1H – SELLThe combination moves from the ascending trendline downwards
A descent downwards to the next support at 0.66580 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.67257 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.66952 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.67257 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.67589 |
| 2nd High | 0.67324 |
| Next High | 0.67257 |
| Current Price | 0.67112 |
| Next Low | 0.66580 |
| 2nd Low | 0.66564 |
| 3rd Low | 0.66218 |