AUD/USD – 30M – SELL

The currency pair Australian Dollar/US Dollar (AUD/USD) moves from the descending trendline downwards

A continuation of the downward movement down to the next support line at 0.64768 will persist.

Caution: A possible trend reversal in the direction of resistance at 0.65455 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

There is also a ‘Shooting Star’ candle pattern is detected. The chart shows ‘Shooting Star’. which 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 chance of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

0.65455 – 0.65313 – 0.65327 – 0.64768 – 0.64836 – 0.64955

Trading Signals: FOREX – AUD – AUD/USD – USD – Shooting Star