The pair Euro/Australian Dollar (EUR/AUD) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 1.63444 will persist.
Caution: A possible change in the direction of the resistance zone at 1.64061 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 1.63560692 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 1.64061 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64625 |
| 2nd High | 1.64342 |
| Next High | 1.64061 |
| Current Price | 1.63927 |
| Next Low | 1.63444 |
| 2nd Low | 1.63223 |
| 3rd Low | 1.63027 |
1.64061 – 1.64342 – 1.64625 – 1.63444 – 1.63223 – 1.63309 —
1.63951 – 1.64106 —
56.559604752715 – 65.640381364556 —
– —
1.64061 – 1784174400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Rising Wedge Chart Pattern – – – – – – – –