AUD/USD – 1H – SELL

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

A continuation of the downward movement down to the next support at 0.71997 is expected.

Caution: A possible change in the direction of the resistance level at 0.72638 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.

Also there is a ‘Tweezers Top’ candle chart pattern is detected. The chart forms ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.72638 – 0.72772 – 0.72274 – 0.71997 – 0.72237 – 0.71353 —
0.72302 – 0.72480 —
50.363968281139 – 62.774704065476 —
– —
0.72638 – 1778151600

Trading Signals: FOREX – AUD – AUD/USD – USD – Tweezers Top – – – – – – – – –