AUD/USD – 30M – SELL

The currency pair Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline down.

A descent downwards to the next support line at 0.65358 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.65566 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.653935 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.65566 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Matching Low’ candlestick pattern is discovered. The chart shows ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.65566 – 0.65588 – 0.65405 – 0.65358 – 0.65199 – 0.6528 —
0.65473 – 0.65542 —
52.095946804642 – 57.250838404774 —
– —
0.65566 – 1764558000

Trading Signals: FOREX – AUD – AUD/USD – USD – Matching Low – Symmetrical Triangle Chart Pattern – – – – – – – –