AUD/USD – 30M – SELLThe currency pair jumps from the bearish trendline down.
A continuation of the downward movement down to the next support level at 0.66504 is expected.
Caution: A possible change in the direction of the resistance zone at 0.66947 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.66675572 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 0.66947 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.67231 |
| 2nd High | 0.66988 |
| Next High | 0.66947 |
| Current Price | 0.66637 |
| Next Low | 0.66504 |
| 2nd Low | 0.66218 |
| 3rd Low |