AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support at 0.62147 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.62650 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Matching Low’ candle pattern is detected. The candles show ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63548 |
| 2nd High | 0.63269 |
| Next High | 0.62650 |
| Current Price | 0.62328 |
| Next Low | 0.62147 |
| 2nd Low | 0.61987 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Matching Low