AUD/USD – 1H – SELLThe pair goes from the descending trendline down.
A continuation of the downward movement down to the next support level at 0.66137 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.66913 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.66137 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.66913 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.67231 |
| 2nd High | 0.66947 |
| Next High | 0.66913 |
| Current Price | 0.66283 |
| Next Low | 0.66137 |
| 2nd Low | |
| 3rd Low |