AUD/USD – 1H – SELLThe combination goes from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 0.68177 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.69154 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 0.68561 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.69154 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.69420 |
| Next High | 0.69154 |
| Current Price | 0.68469 |
| Next Low | 0.68177 |
| 2nd Low | 0.68139 |
| 3rd Low | 0.67826 |