AUD/USD – 4H – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline downwards
The bearish trend down to the next support at 0.61788 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.62465 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Two Crows’ candle chart pattern is detected. The chart shows ‘Two Crows’. which 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.64291 |
| 2nd High | 0.62742 |
| Next High | 0.62465 |
| Current Price | 0.62428 |
| Next Low | 0.61788 |
| 2nd Low | |
| 3rd Low |