AUD/USD – 30M – SELLThe pair Australian Dollar/US Dollar (AUD/USD) goes from the descending trendline down.
A continuation of the bearish trend down to the next support at 0.62007 will persist.
Caution: A possible change in the direction of the resistance zone at 0.62225 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Two Crows’ candle chart pattern is existing. The candles show ‘Two 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 probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62329 |
| 2nd High | 0.62313 |
| Next High | 0.62225 |
| Current Price | 0.62123 |
| Next Low | 0.62007 |
| 2nd Low | 0.61788 |
| 3rd Low |