AUD/USD – 30M – BUYCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.63777896 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 0.64131 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Tweezers Top’ candlestick chart pattern is detected. The candles show ‘Tweezers Top’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.64320 |
| 2nd High | 0.64174 |
| Next High | 0.64131 |
| Current Price | 0.63977 |
| Next Low | 0.63557 |
| 2nd Low | 0.63434 |
| 3rd Low | 0.63330 |
0.64131 – 0.64174 – 0.64320 – 0.63557 – 0.63780 – 0.63758
Trading Signals: FOREX – AUD – AUD/USD – USD – Tweezers Top