AUD/USD – 1H – SELL
The currency pair jumps from the descending trendline down.
A continuation of the downward movement down to the next support line at 0.65447 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.66099 should be noted.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.66611 |
2nd High | 0.66465 |
Next High | 0.66099 |
Current Price | 0.65484 |
Next Low | 0.65447 |
2nd Low | |
3rd Low |