AUD/USD – 1H – BUYThe currency pair breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance line at is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.67826 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.68534 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.68687 |
| Next Low | 0.67826 |
| 2nd Low | 0.67372 |
| 3rd Low | 0.66919 |