And also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Australian Dollar/US Dollar (AUD/USD) moves from the bearish trendline down.
A continuation of the downward movement down to the next support line at 0.69888 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.70371 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.70751 |
| 2nd High | 0.70412 |
| Next High | 0.70371 |
| Current Price | 0.70155 |
| Next Low | 0.69888 |
| 2nd Low | |
| 3rd Low |
0.70371 – 0.70412 – 0.70751 – 0.69888 – 0.70071 – 0.70006 —
0.69929 – 0.70186 —
29.944753963384 – 58.719368217732 —
0.69888 – 1781856000 —
0.70371 – 1781803800
Trading Signals: FOREX – AUD – AUD/USD – USD – – Symmetrical Triangle Chart Pattern – – – – – – – –