AUD/USD – 30M – SELLThe currency pair moves from the ascending trendline down.
A descent down to the next support at 0.65785 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.66412 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.65723464 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 0.66412 could occur.
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 | 0.66412 |
| Current Price | 0.65855 |
| Next Low | 0.65785 |
| 2nd Low | 0.65536 |
| 3rd Low | 0.65394 |