AUD/USD – 1H – SELLThe pair Australian Dollar/US Dollar (AUD/USD) moves from the bullish trendline down.
The bearish trend downwards to the next support at 0.64337 will continue.
Caution: A possible change in the direction of the resistance zone at 0.65496 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.64337 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 0.65496 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. which is a negative 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 ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66875 |
| 2nd High | 0.65815 |
| Next High | 0.65496 |
| Current Price | 0.64547 |
| Next Low | 0.64337 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows