The pair Australian Dollar/US Dollar (AUD/USD) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support at 0.65614 will continue.
Caution: A possible change in the direction of the resistance level at 0.65832 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
There is also a ‘Three Inside Down’ candlestick chart pattern is detected. The chart shows ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.65899 |
| Next High | 0.65832 |
| Current Price | 0.65691 |
| Next Low | 0.65614 |
| 2nd Low | 0.65534 |
| 3rd Low | 0.65225 |
0.65832 – 0.65899 – 0.65835 – 0.65614 – 0.65534 – 0.65225
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Inside Down –