Sell AUD/USD – 1H – SELL

The combination goes from the ascending trendline downwards

A bearish descent down to the next support at 0.65536 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.66187 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.65646756 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.66187 should always be considered.
Consider stop-loss settings accordingly.

Support & Resistance Price Range*
3rd High 0.66611
2nd High 0.66465
Next High 0.66187
Current Price 0.65869
Next Low 0.65536
2nd Low 0.65394
3rd Low

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