AUD/USD – 30M – SELLThe combination moves from the bullish trendline downwards
A bearish trend down to the next support line at 0.66172 is expected.
Caution: A possible counter-trend in the direction of the resistance line 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 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.66137 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level 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 | 0.66203 |
| Next Low | 0.66172 |
| 2nd Low | 0.66137 |
| 3rd Low |