AUD/USD – 1H – SELLThe currency pair jumps from the bearish trendline down.
A continuation of the downward movement down to the next support line at 0.66580 will continue.
Caution: A possible change in the direction of resistance at 0.67231 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.66719314 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 0.67231 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.67324 |
| 2nd High | 0.67257 |
| Next High | 0.67231 |
| Current Price | 0.66717 |
| Next Low | 0.66580 |
| 2nd Low | 0.66564 |
| 3rd Low | 0.66218 |