AUD/USD – 30M – SELLAnd also a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The combination Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline downwards
A bearish trend downwards to the next support at 0.65534 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.65899 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.65899 |
| Current Price | 0.65649 |
| Next Low | 0.65534 |
| 2nd Low | 0.65225 |
| 3rd Low | 0.65078 |
0.65899 – 0.65835 – 0.65525 – 0.65534 – 0.65225 – 0.65078
Trading Signals: FOREX – AUD – AUD/USD – USD – – Rising Wedge Chart Pattern