AUD/USD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.64404 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 0.64880 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65457 |
| 2nd High | 0.64971 |
| Next High | 0.64880 |
| Current Price | 0.64556 |
| Next Low | 0.64404 |
| 2nd Low | |
| 3rd Low |