AUD/USD – 1H – SELLThe currency pair jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at is certain.
Caution: A possible change in the direction of resistance at 0.66611 should always be considered.
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 0.66137 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 0.66611 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66947 |
| 2nd High | 0.66913 |
| Next High | 0.66611 |
| Current Price | 0.66050 |
| Next Low | |
| 2nd Low | |
| 3rd Low |