AUD/USD – 1H – SELLThe combination Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline down.
The bearish trend downwards to the next support at 0.66627 will continue.
Caution: A possible change in the direction of resistance at 0.67389 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Matching Low’ chart pattern is existing. The chart shows ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.67389 |
| Current Price | 0.67383 |
| Next Low | 0.66627 |
| 2nd Low | 0.66592 |
| 3rd Low | 0.65998 |
0.67389 – 0.67187 – 0.67067 – 0.66627 – 0.66592 – 0.66875 —
0.67410 – 0.67560 —
60.508789581362 – 65.282196595339 —
– —
0.67389 – 1767686400
Trading Signals: FOREX – AUD – AUD/USD – USD – Matching Low – Double bottom retreat down – – – – – – – –