The pair Australian Dollar/US Dollar (AUD/USD) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 0.7153 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.7217 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.
And also a ‘Three Black Crows’ candle pattern is existing. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.72274 |
| 2nd High | 0.722 |
| Next High | 0.7217 |
| Current Price | 0.71527 |
| Next Low | 0.7153 |
| 2nd Low | 0.71095 |
| 3rd Low | 0.71012 |
0.7217 – 0.722 – 0.72274 – 0.7153 – 0.71677 – 0.71994 —
0.71680 – 0.71644 —
40.470150179145 – 38.45624956233 —
– —
0.7217 – 1777876200
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – – – – – – – – –