AUD/USD – 1H – SELLThe pair jumps from the descending trendline down.
A continuation of the bearish trend down to the next support line at 0.65394 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 0.65839 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 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.65394 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.65839 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66465 |
| 2nd High | 0.66099 |
| Next High | 0.65839 |
| Current Price | 0.65642 |
| Next Low | 0.65394 |
| 2nd Low | |
| 3rd Low |