AUD/USD – 1H – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 0.64208 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.65023 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Tweezers Top’ chart pattern is existing. The candles show ‘Tweezers Top’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.6537 |
| 2nd High | 0.65179 |
| Next High | 0.65023 |
| Current Price | 0.64596 |
| Next Low | 0.64208 |
| 2nd Low | 0.64147 |
| 3rd Low | 0.64142 |
0.65023 – 0.65179 – 0.6537 – 0.64208 – 0.64358 – 0.64507 —
0.64592 – 0.64639 —
52.574712479175 – 54.707609524588 —
– —
0.65023 – 1763654400
Trading Signals: FOREX – AUD – AUD/USD – USD – Tweezers Top – – – – – – – – –