AUD/USD – 1H – BUYThe combination Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance level at 0.65005 will persist.
Caution: A possible trend reversal in the direction of the support line at 0.64474 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.65247974 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.65005 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65496 |
| 2nd High | 0.65073 |
| Next High | 0.65005 |
| Current Price | 0.64964 |
| Next Low | 0.64474 |
| 2nd Low | 0.64337 |
| 3rd Low |