AUD/USD – 1H – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.63512 will continue.
Caution: A possible change in the direction of the resistance line at 0.63824 could occur.
Consider stop-loss settings accordingly.
And also a ‘Three Line Strike – Bearish’ candlestick pattern is existing. The chart shows ‘Three Line Strike – Bearish’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.64291 |
| 2nd High | 0.63833 |
| Next High | 0.63824 |
| Current Price | 0.63680 |
| Next Low | 0.63512 |
| 2nd Low | 0.63363 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Line Strike – Bearish