The pair goes from the descending trendline downwards
A continuation of the downtrend down to the next support line at 0.68177 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.69045 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.69078 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.69045 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Support & Resistance |
Price Range* |
3rd High |
|
2nd High |
0.69078 |
Next High |
0.69045 |
Current Price |
0.68871 |
Next Low |
0.68177 |
2nd Low |
0.68139 |
3rd Low |
0.67998 |
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Trading Signals: FOREX – AUD – AUD/USD – USD