Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.70534144 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.71164 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71361 |
| 2nd High | 0.71317 |
| Next High | 0.71164 |
| Current Price | 0.70584 |
| Next Low | 0.70445 |
| 2nd Low | 0.70321 |
| 3rd Low |
0.71164 – 0.71317 – 0.71317 – 0.70445 – 0.70321 – 0.70861 —
0.70630 – 0.70907 —
31.256252235925 – 49.806625905413 —
0.70445 – 1772445600 —
0.71164 – 1772427600
Trading Signals: FOREX – AUD – AUD/USD – USD – – – – – – – – – –