AUD/USD – 30M – SELLAnd also a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The combination Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline downwards
A descending movement downwards to the next support at 0.6836 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.68527 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.68527 |
| Current Price | 0.68395 |
| Next Low | 0.6836 |
| 2nd Low | 0.67953 |
| 3rd Low | 0.67534 |
0.68527 – 0.68439 – 0.68108 – 0.6836 – 0.67953 – 0.67534 —
0.68501 – 0.68488 —
64.211881790439 – 58.779289256162 —
– —
0.68527 – 1769137200
Trading Signals: FOREX – AUD – AUD/USD – USD – – Rising Wedge Chart Pattern – – – – – – – –