The pair Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline downwards
A bearish movement downwards to the next support at 0.66668 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.6727 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair could go down.
Also there is a ‘RSI Hidden Bullish Divergence’ indicator signal is existing. The indicator is ‘RSI Hidden Bullish Divergence’. this is usually a bearish signal. The currency pair could go down.
Also there is a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.67661 |
| Next High | 0.6727 |
| Current Price | 0.66875 |
| Next Low | 0.66668 |
| 2nd Low | 0.66631 |
| 3rd Low | 0.66627 |
0.6727 – 0.67661 – 0.66609 – 0.66668 – 0.66631 – 0.66627 —
0.67005 – 0.66948 —
43.043486780312 – 43.807699597156 —
– —
0.67270 – 1768305600
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double bottom retreat down – – – – – – – –