AUD/USD – 30M – SELLThe pair Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline down.
The bearish trend down to the next support at 0.62437 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.62742 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.62289552 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.62742 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63548 |
| 2nd High | 0.63269 |
| Next High | 0.62742 |
| Current Price | 0.62556 |
| Next Low | 0.62437 |
| 2nd Low | 0.62147 |
| 3rd Low | 0.61987 |