Sell AUD/USD – 30M – SELL

The combination Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline downwards

The bearish trend down to the next support line at 0.62002 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.62465 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.622705 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.62465 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘Bearish Harami’ candle pattern is found. The candles show ‘Bearish Harami’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

Support & Resistance Price Range*
3rd High 0.62646
2nd High 0.62539
Next High 0.62465
Current Price 0.62406
Next Low 0.62002
2nd Low 0.61987
3rd Low

Download AUD/USD Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals