Sell AUD/USD – 4H – SELL

The currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline downwards

The bearish trend down to the next support at will continue.

Caution: A possible change in the direction of resistance at 0.64291 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. 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 0.65277
2nd High 0.64712
Next High 0.64291
Current Price 0.63004
Next Low
2nd Low
3rd Low

Download AUD/USD Signal Image

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