AUD/USD – 1H – SELLThe combination moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 0.65447 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.66099 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66611 |
| 2nd High | 0.66465 |
| Next High | 0.66099 |
| Current Price | 0.65778 |
| Next Low | 0.65447 |
| 2nd Low | |
| 3rd Low |