AUD/USD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 0.705435 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 0.7088 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Bearish Belt Hold’ candle chart pattern is found. The chart shows ‘Bearish Belt Hold’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.7088 – 0.70869 – 0.7088 – 0.70639 – 0.70373 – 0.70313 —
0.70739 – 0.70718 —
43.840571158184 – 46.331935035627 —
– —
0.7088 – 1781544600

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Belt Hold – – – – – – – – –