AUD/USD – 1H – SELLThe currency pair jumps from the descending trendline down.
A continuation of the downward movement down to the next support line at 0.65447 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.66099 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66611 |
| 2nd High | 0.66465 |
| Next High | 0.66099 |
| Current Price | 0.65484 |
| Next Low | 0.65447 |
| 2nd Low | |
| 3rd Low |