AUD/USD – 1H – BUYThe currency pair moves from the bearish trendline upwards
The bullish trend up to the next resistance level at 0.66187 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.65394 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 0.65646756 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 0.66187 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66611 |
| 2nd High | 0.66465 |
| Next High | 0.66187 |
| Current Price | 0.65478 |
| Next Low | 0.65394 |
| 2nd Low | |
| 3rd Low |