AUD/USD – 1H – SELLThe combination jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.66099 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.65792 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 0.66099 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66611 |
| 2nd High | 0.66465 |
| Next High | 0.66099 |
| Current Price | 0.65728 |
| Next Low | |
| 2nd Low | |
| 3rd Low |