AUD/USD – 1H – SELL

The pair Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline down.

A descending movement down to the next support level at 0.72237 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.72772 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Matching Low’ candle chart pattern is existing. 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 likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.72772 – 0.72274 – 0.72048 – 0.72237 – 0.71353 – 0.7183 —
0.72632 – 0.72577 —
69.216350054037 – 60.510218258502 —
– —
0.72772 – 1778072400

Trading Signals: FOREX – AUD – AUD/USD – USD – Matching Low – Rising Wedge Chart Pattern – – – – – – – –