AUD/USD – 30M – SELLIn addition a ‘Double top chart pattern’ chart pattern is existing. The chart forms ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The pair Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline down.
A descending movement downwards to the next support at 0.64791 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.65268 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.650635 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.65268 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65377 |
| 2nd High | 0.65336 |
| Next High | 0.65268 |
| Current Price | 0.65002 |
| Next Low | 0.64791 |
| 2nd Low | 0.64502 |
| 3rd Low | 0.64466 |
0.65268 – 0.65336 – 0.65064 – 0.65056 – 0.64791 – 0.64925