AUD/USD – 30M – SELLThe pair Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline down.
The bearish trend down to the next support level at 0.64815 is certain.
Caution: A possible change in the direction of the resistance line at 0.65183 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ candle chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65322 |
| 2nd High | 0.65212 |
| Next High | 0.65183 |
| Current Price | 0.65271 |
| Next Low | 0.64815 |
| 2nd Low | 0.64709 |
| 3rd Low | 0.64476 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows