AUD/USD – 1H – SELLThe currency pair goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.67245 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0.67589 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.68100 |
| 2nd High | 0.67615 |
| Next High | 0.67589 |
| Current Price | 0.67228 |
| Next Low | 0.67245 |
| 2nd Low | 0.67001 |
| 3rd Low | 0.66919 |