AUD/USD – 1H – SELLThe combination Australian Dollar/US Dollar (AUD/USD) moves from the bullish trendline down.
A bearish descent downwards to the next support at 0.63990 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.64431 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65259 |
| 2nd High | 0.65043 |
| Next High | 0.64431 |
| Current Price | 0.64232 |
| Next Low | 0.63990 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows