AUD/USD – 30M – SELL

The pair Australian Dollar/US Dollar (AUD/USD) moves from the bullish trendline down.

A bearish descent downwards to the next support level at 0.70727 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.71443 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Matching Low’ chart pattern is discovered. The candles form ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.71162 – 0.70699 – 0.70733 – 0.70727 – 0.70559 – 0.70261 —
0.71216 – 0.71266 —
62.373040052139 – 61.15835999621 —
– —
0.71162 – 1772010000

Trading Signals: FOREX – AUD – AUD/USD – USD – Matching Low – – – – – – – – –