AUD/USD – 30M – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support level at 0.64815 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.65496 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.64877418 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.65496 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65815 |
| 2nd High | 0.65569 |
| Next High | 0.65496 |
| Current Price | 0.65062 |
| Next Low | 0.64815 |
| 2nd Low | 0.64709 |
| 3rd Low | 0.64476 |