The pair Australian Dollar/US Dollar (AUD/USD) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support at 0.69102 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.70968 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.
Additionally a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.7123 |
| 2nd High | 0.71085 |
| Next High | 0.70968 |
| Current Price | 0.70210 |
| Next Low | 0.69102 |
| 2nd Low | |
| 3rd Low |
0.70968 – 0.71085 – 0.70628 – 0.69102 – 0.70729 – 0.69993 —
0.69293 – 0.70608 —
20.572167556369 – 65.261325230475 —
0.69102 – 1774272600 —
0.70968 – 1774002600
Trading Signals: FOREX – AUD – AUD/USD – USD – – – – – – – – – –