AUD/USD – 30M – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline downwards
A descent downwards to the next support level at 0.64605 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.64935 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65107 |
| 2nd High | 0.65043 |
| Next High | 0.64935 |
| Current Price | 0.64790 |
| Next Low | 0.64605 |
| 2nd Low | 0.64549 |
| 3rd Low | 0.64426 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Engulfing