AUD/USD – 1H – SELLThe currency pair goes from the ascending trendline down.
A bearish descent down to the next support at 0.68678 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.69045 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 0.68782528 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.69045 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.69078 |
| Next High | 0.69045 |
| Current Price | 0.69005 |
| Next Low | 0.68678 |
| 2nd Low | 0.68177 |
| 3rd Low | 0.68139 |