AUD/USD – 1H – SELLThe currency pair moves from the bullish trendline downwards
A descent down to the next support level at 0.65120 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.66875 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.659975 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.66875 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66947 |
| 2nd High | 0.66913 |
| Next High | 0.66875 |
| Current Price | 0.66426 |
| Next Low | 0.65120 |
| 2nd Low | |
| 3rd Low |