The pair Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline down.
A descending movement down to the next support line at 0.69123 is certain.
Caution: A possible change in the direction of the resistance level at 0.69492 should always be considered.
Consider stop-loss settings accordingly.
And also a ” indicator layout is detected. The indicator is ”. this is usually a bearish chart scenario. The currency pair is likely to fall.
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And also a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.
And also a ‘Tweezers Top’ candlestick pattern is detected. The candles show ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.69693 |
| 2nd High | 0.69645 |
| Next High | 0.69492 |
| Current Price | 0.69460 |
| Next Low | 0.69123 |
| 2nd Low | 0.69065 |
| 3rd Low | 0.69061 |
0.69492 – 0.69645 – 0.69693 – 0.69123 – 0.69233 – 0.69353 —
0.69385 – 0.69521 —
62.227778289087 – 70.386077265061 —
– —
0.69492 – 1783953000
Trading Signals: FOREX – AUD – AUD/USD – USD – Tweezers Top – – – – – – – – –