AUD/USD – 30M – BUYThe pair goes from the descending trendline downwards
A continuation of the downtrend down to the next support line at 0.68177 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.69045 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.69078 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.69045 should always be considered.
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 | 0.68871 |
| Next Low | 0.68177 |
| 2nd Low | 0.68139 |
| 3rd Low | 0.67998 |