AUD/USD – 30M – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) goes from the descending trendline downwards
A continuation of the downward movement down to the next support level at 0.61871 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.62191 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62878 |
| 2nd High | 0.62358 |
| Next High | 0.62191 |
| Current Price | 0.61813 |
| Next Low | 0.61871 |
| 2nd Low | 0.61788 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows