AUD/USD – 30M – BUYThe currency pair jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.65447 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.65764 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 0.65956 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.65764 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66099 |
| 2nd High | 0.65807 |
| Next High | 0.65764 |
| Current Price | 0.65745 |
| Next Low | 0.65447 |
| 2nd Low | |
| 3rd Low |