AUD/USD – 1H – SELLThe pair jumps from the ascending trendline down.
A bearish descent downwards to the next support level at 0.68139 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.68534 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.68534 |
| Current Price | 0.68780 |
| Next Low | 0.68139 |
| 2nd Low | 0.67826 |
| 3rd Low | 0.67372 |