AUD/USD – 30M – BUYCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.64238508 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.64525 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Matching Low’ chart pattern is detected. The chart forms ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65043 |
| 2nd High | 0.64935 |
| Next High | 0.64525 |
| Current Price | 0.64503 |
| Next Low | 0.64230 |
| 2nd Low | 0.64211 |
| 3rd Low | 0.63990 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Matching Low