AUD/USD – 1H – SELL

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

A continuation of the downward movement downwards to the next support level at is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.65043 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 0.64426 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.65043 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. 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 ‘Three Black Crows’ going down is 82%.

Download AUD/USD Signal Image

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows