AUD/USD – 4H – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline up.
A bullish ascent up to the next resistance level at 0.62465 is certain.
Caution: A possible trend reversal in the direction of the support zone at 0.61788 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.64291 |
| 2nd High | 0.62742 |
| Next High | 0.62465 |
| Current Price | 0.62199 |
| Next Low | 0.61788 |
| 2nd Low | |
| 3rd Low |