AUD/USD – 30M – SELL

The 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 0.7096 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 0.71178 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Tweezers Top’ candle chart pattern is existing. The candles show ‘Tweezers Top’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

0.71178 – 0.7094 – 0.70823 – 0.7096 – 0.70443 – 0.69792 —
0.71190 – 0.71114 —
60.756367835986 – 50.912435254499 —
– —
0.71178 – 1773763200

Trading Signals: FOREX – AUD – AUD/USD – USD – Tweezers Top – Rising Wedge Chart Pattern – – – – – – – –