AUD/USD – 1H – SELLThe combination Australian Dollar/US Dollar (AUD/USD) moves from the descending trendline down.
A continuation of the downward movement down to the next support at 0.64337 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.65496 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.64610524 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 0.65496 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66875 |
| 2nd High | 0.65815 |
| Next High | 0.65496 |
| Current Price | 0.64679 |
| Next Low | 0.64337 |
| 2nd Low | |
| 3rd Low |