AUD/USD – 30M – SELLThe combination jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at will continue.
Caution: A possible reversal of the trend in the direction of resistance at 0.66099 is within the realm of possibility.
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 continue. Current target is 0.65792 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.66099 is within the realm of possibility.
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 | 0.65632 |
| Next Low | |
| 2nd Low | |
| 3rd Low |