AUD/USD – 1H – SELLThe pair Australian Dollar/US Dollar (AUD/USD) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 0.61788 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.62225 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Two Crows’ candlestick chart pattern is detected. The chart shows ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62539 |
| 2nd High | 0.62465 |
| Next High | 0.62225 |
| Current Price | 0.62091 |
| Next Low | 0.61788 |
| 2nd Low | |
| 3rd Low |