AUD/USD – 30M – SELLThe combination jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 0.66218 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.66913 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.66504 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 0.66913 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66988 |
| 2nd High | 0.66947 |
| Next High | 0.66913 |
| Current Price | 0.66365 |
| Next Low | 0.66218 |
| 2nd Low | |
| 3rd Low |