EUR/AUD – 30M – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance level at 1.65767 is considered certain.
Caution: A possible trend reversal in the direction of support at 1.64864 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.65284 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 1.65767 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65998 |
| 2nd High | 1.65839 |
| Next High | 1.65767 |
| Current Price | 1.65324 |
| Next Low | 1.64864 |
| 2nd Low | 1.64843 |
| 3rd Low | 1.64748 |