The currency pair Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline downwards
The bearish trend down to the next support line at 1.62756 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.63528 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.63528 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.63528 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.63576 |
2nd High | 1.63543 |
Next High | 1.63528 |
Current Price | 1.63385 |
Next Low | 1.62756 |
2nd Low | 1.62621 |
3rd Low | 1.62549 |