The pair Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline downwards
A bearish descent down to the next support line at 0.64791 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.65336 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.65377 |
| Next High | 0.65336 |
| Current Price | 0.65154 |
| Next Low | 0.64791 |
| 2nd Low | 0.64502 |
| 3rd Low | 0.64466 |
0.65336 – 0.65064 – 0.65377 – 0.64791 – 0.64502 – 0.64466
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down