AUD/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.649305 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 0.65457 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66875 |
| 2nd High | 0.65815 |
| Next High | 0.65457 |
| Current Price | 0.65061 |
| Next Low | 0.64476 |
| 2nd Low | 0.64426 |
| 3rd Low | 0.64404 |