EUR/AUD – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The pair Euro/Australian Dollar (EUR/AUD) moves from the descending trendline down.
A continuation of the downward movement down to the next support at 1.77303 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 1.77887 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.78401 |
| 2nd High | 1.78228 |
| Next High | 1.77887 |
| Current Price | 1.77566 |
| Next Low | 1.77303 |
| 2nd Low | 1.76260 |
| 3rd Low | 1.75118 |
1.77887 – 1.77886 – 1.77512 – 1.77303 – 1.76260 – 1.76771