AUD/USD – 4H – SELLThe combination Australian Dollar/US Dollar (AUD/USD) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 0.63990 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.65277 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.6399 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.65277 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66875 |
| 2nd High | 0.65496 |
| Next High | 0.65277 |
| Current Price | 0.64368 |
| Next Low | 0.63990 |
| 2nd Low | |
| 3rd Low |