The combination Australian Dollar/US Dollar (AUD/USD) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 0.69803 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.70239 could happen.
Consider stop-loss settings accordingly.
Then a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.70549 |
| 2nd High | 0.70499 |
| Next High | 0.70239 |
| Current Price | 0.70184 |
| Next Low | 0.69803 |
| 2nd Low | 0.69351 |
| 3rd Low | 0.6908 |
0.70239 – 0.70499 – 0.69701 – 0.69803 – 0.69351 – 0.6908 —
0.70106 – 0.70225 —
52.823171758609 – 58.334036970298 —
– —
0.70239 – 1770141600
Trading Signals: FOREX – AUD – AUD/USD – USD – – – – – – – – – –