Buy AUD/USD – 1H – BUY

In addition a ‘Double bottom retreat down’ chart pattern is detected. The chart picture shows ‘Double bottom retreat down’. this is a bearish signal. The currency pair is likely to fall.

In addition a ‘Three Outside Down’ candle chart pattern is found. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Support & Resistance Price Range*
3rd High 0.65435
2nd High 0.65373
Next High 0.64952
Current Price 0.64903
Next Low 0.63722
2nd Low 0.63562
3rd Low 0.63557

0.64952 – 0.65373 – 0.65435 – 0.63722 – 0.64453 – 0.64658

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