The pair Australian Dollar/US Dollar (AUD/USD) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.70109 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.70889 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The pair is likely to go down.
Furthermore a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71317 |
| 2nd High | 0.71223 |
| Next High | 0.70889 |
| Current Price | 0.70400 |
| Next Low | 0.70109 |
| 2nd Low | 0.69843 |
| 3rd Low | 0.69438 |
0.70889 – 0.70728 – 0.7057 – 0.70109 – 0.69843 – 0.69438 —
0.70314 – 0.70573 —
39.610920806264 – 52.052892634592 —
0.70109 – 1772706600 —
0.70889 – 1772679600
Trading Signals: FOREX – AUD – AUD/USD – USD – – – – – – – – – –