AUD/USD – 1H – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline up.
A bullish movement up to the next resistance level at 0.65005 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.64474 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65496 |
| 2nd High | 0.65073 |
| Next High | 0.65005 |
| Current Price | 0.65039 |
| Next Low | 0.64474 |
| 2nd Low | 0.64337 |
| 3rd Low |