AUD/USD – 30M – SELLThe combination Australian Dollar/US Dollar (AUD/USD) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 0.64815 will persist.
Caution: A possible change in the direction of the resistance line at 0.65496 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.64877418 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 0.65496 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65815 |
| 2nd High | 0.65569 |
| Next High | 0.65496 |
| Current Price | 0.64931 |
| Next Low | 0.64815 |
| 2nd Low | 0.64709 |
| 3rd Low | 0.64476 |