AUD/USD – 30M – SELLThe combination Australian Dollar/US Dollar (AUD/USD) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 0.64211 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.64431 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.64238508 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.64431 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65043 |
| 2nd High | 0.64935 |
| Next High | 0.64431 |
| Current Price | 0.64373 |
| Next Low | 0.64211 |
| 2nd Low | 0.63990 |
| 3rd Low |