AUD/USD – 1H – BUY

The combination Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline down.

A bearish descent down to the next support line at 0.64375 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.64934 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.64609028 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.64934 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Matching Low’ candle pattern is found. The chart forms ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

There is also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

0.64934 – 0.64695 – 0.64268 – 0.64375 – 0.64339 – 0.63652

Download AUD/USD Signal Image

Trading Signals: FOREX – AUD – AUD/USD – USD – Matching Low