AUD/USD – 30M – SELLThe pair moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 0.65120 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.66446 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.65432936 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.66446 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66611 |
| 2nd High | 0.66465 |
| Next High | 0.66446 |
| Current Price | 0.65563 |
| Next Low | 0.65120 |
| 2nd Low | |
| 3rd Low |