AUD/USD – 1H – BUYThe combination breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance level at 0.69078 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.68177 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.69078 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.69078 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.69078 |
| Current Price | 0.68994 |
| Next Low | 0.68177 |
| 2nd Low | 0.68139 |
| 3rd Low | 0.67826 |