Sell AUD/USD – 1H – SELL

The pair Australian Dollar/US Dollar (AUD/USD) moves from the descending trendline downwards

A continuation of the bearish trend downwards to the next support line at 0.64476 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.65237 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

Support & Resistance Price Range*
3rd High 0.65815
2nd High 0.65457
Next High 0.65237
Current Price 0.65201
Next Low 0.64476
2nd Low 0.64426
3rd Low 0.64404

Download AUD/USD Signal Image

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