AUD/USD – 1H – SELLThe pair moves from the bullish trendline downwards
The bearish trend downwards to the next support at is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.66187 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.65394 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 0.66187 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66611 |
| 2nd High | 0.66465 |
| Next High | 0.66187 |
| Current Price | 0.65173 |
| Next Low | |
| 2nd Low | |
| 3rd Low |