AUD/USD – 1H – BUYThe pair Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline downwards
A descending movement downwards to the next support at 0.61976 will persist.
Caution: A possible change in the direction of the resistance level at 0.62878 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Two Crows’ candlestick chart pattern is found. The chart forms ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63269 |
| 2nd High | 0.63021 |
| Next High | 0.62878 |
| Current Price | 0.62227 |
| Next Low | 0.61976 |
| 2nd Low | 0.61918 |
| 3rd Low | 0.61788 |