The currency pair Australian Dollar/US Dollar (AUD/USD) goes from the descending trendline downwards
A continuation of the downtrend down to the next support line at 0.71325 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.71629 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71693 |
| 2nd High | 0.71663 |
| Next High | 0.71629 |
| Current Price | 0.71278 |
| Next Low | 0.71325 |
| 2nd Low | 0.71298 |
| 3rd Low | 0.71143 |
0.71629 – 0.71579 – 0.71663 – 0.71325 – 0.71363 – 0.71459 —
0.71566 – 0.71327 —
53.315198836829 – 37.63256364613 —
– —
0.71629 – 1776965400
Trading Signals: FOREX – AUD – AUD/USD – USD – – – – – – – – – –