AUD/USD – 1H – SELLThe combination Australian Dollar/US Dollar (AUD/USD) moves from the descending trendline down.
A continuation of the bearish trend down to the next support line at 0.63650 is likely expected.
Caution: A possible change in the direction of resistance at 0.64712 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Line Strike – Bearish’ chart pattern is found. The chart shows ‘Three Line Strike – Bearish’. this 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 Line Strike – Bearish’ heading down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65259 |
| 2nd High | 0.65043 |
| Next High | 0.64712 |
| Current Price | 0.63732 |
| Next Low | 0.63650 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Line Strike – Bearish