AUD/USD – 30M – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) goes from the descending trendline down.
A continuation of the downtrend down to the next support line at 0.65421 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.65608 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.65636 |
| Next High | 0.65608 |
| Current Price | 0.65494 |
| Next Low | 0.65421 |
| 2nd Low | 0.64840 |
| 3rd Low | 0.63722 |
0.65608 – 0.65636 – 0.65075 – 0.65421 – 0.64840 – 0.64869