AUD/USD – 1H – SELLThe currency pair moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 0.65792 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.66465 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66913 |
| 2nd High | 0.66611 |
| Next High | 0.66465 |
| Current Price | 0.66035 |
| Next Low | 0.65792 |
| 2nd Low | |
| 3rd Low |