The combination goes from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 0.68177 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.69154 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 0.68561 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.69154 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance |
Price Range* |
3rd High |
|
2nd High |
0.69420 |
Next High |
0.69154 |
Current Price |
0.68469 |
Next Low |
0.68177 |
2nd Low |
0.68139 |
3rd Low |
0.67826 |
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Trading Signals: FOREX – AUD – AUD/USD – USD