The combination Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline up.
A bullish movement upwards to the next resistance level at 0.65091 is likely expected.
Caution: A possible trend reversal in the direction of support at 0.64769 is within the realm of possibility.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.65496 |
2nd High | 0.65271 |
Next High | 0.65091 |
Current Price | 0.65001 |
Next Low | 0.64769 |
2nd Low | 0.64474 |
3rd Low | 0.64337 |