The currency pair Australian Dollar/US Dollar (AUD/USD) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 0.64208 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.65023 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The currency pair could go down.
Additionally a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.
Additionally a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.6537 |
| 2nd High | 0.65179 |
| Next High | 0.65023 |
| Current Price | 0.64590 |
| 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 —
52.811056406297 – 54.420096774997 —
– —
0.65023 – 1763654400
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –