EUR/AUD – 30M – BUYThe combination goes from the bearish trendline up.
A bullish trend upwards to the next resistance level at 1.64295 is considered certain.
Caution: A possible change in the direction of the support line at 1.62332 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 1.6286654 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 1.64295 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64756 |
| 2nd High | 1.64597 |
| Next High | 1.64295 |
| Current Price | 1.62945 |
| Next Low | 1.62332 |
| 2nd Low | 1.62313 |
| 3rd Low | 1.61877 |