AUD/USD – 1H – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline downwards
The bearish trend downwards to the next support line at 0.61976 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.63021 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Bearish Harami’ candle pattern is existing. The candles show ‘Bearish Harami’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63775 |
| 2nd High | 0.63269 |
| Next High | 0.63021 |
| Current Price | 0.62638 |
| Next Low | 0.61976 |
| 2nd Low | 0.61918 |
| 3rd Low | 0.61788 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Harami