The currency pair Australian Dollar/US Dollar (AUD/USD) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 0.69353 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.69645 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.70037 |
| 2nd High | 0.69693 |
| Next High | 0.69645 |
| Current Price | 0.69410 |
| Next Low | 0.69353 |
| 2nd Low | 0.69332 |
| 3rd Low | 0.69291 |
0.69645 – 0.69693 – 0.69467 – 0.69353 – 0.69411 – 0.69332 —
0.69586 – 0.69526 —
56.731947915983 – 52.17650737879 —
– —
0.69645 – 1783710000
Trading Signals: FOREX – AUD – AUD/USD – USD – – – – – – – – – –