AUD/USD – 30M – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline up.
An ascending movement up to the next resistance at 0.65065 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.64337 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 0.65247974 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.65065 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65496 |
| 2nd High | 0.65271 |
| Next High | 0.65065 |
| Current Price | 0.65029 |
| Next Low | 0.64337 |
| 2nd Low | |
| 3rd Low |