AUD/USD – 30M – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline down.
The bearish trend down to the next support level at 0.64954 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.65277 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65569 |
| 2nd High | 0.65496 |
| Next High | 0.65277 |
| Current Price | 0.65166 |
| Next Low | 0.64954 |
| 2nd Low | 0.64882 |
| 3rd Low | 0.64769 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows