AUD/USD – 1H – SELLThe pair Australian Dollar/US Dollar (AUD/USD) moves from the bullish trendline down.
A bearish movement down to the next support line at 0.64882 will continue.
Caution: A possible change in the direction of the resistance zone at 0.65496 could occur.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ candlestick chart pattern is detected. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66875 |
| 2nd High | 0.65815 |
| Next High | 0.65496 |
| Current Price | 0.65080 |
| Next Low | 0.64882 |
| 2nd Low | 0.64769 |
| 3rd Low | 0.64474 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows