AUD/USD – 1H – BUYThe pair Australian Dollar/US Dollar (AUD/USD) moves from the bullish trendline up.
A continuation of the upward movement up to the next resistance at 0.65322 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.64968 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 0.6521326 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.65322 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65457 |
| 2nd High | 0.65441 |
| Next High | 0.65322 |
| Current Price | 0.65030 |
| Next Low | 0.64968 |
| 2nd Low | 0.64841 |
| 3rd Low | 0.64819 |