AUD/USD – 30M – SELLAlso there is a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.
The combination Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline downwards
A descent down to the next support line at 0.65534 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.65899 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.65899 |
| Current Price | 0.65649 |
| Next Low | 0.65534 |
| 2nd Low | 0.65225 |
| 3rd Low | 0.65078 |
0.65899 – 0.65835 – 0.65525 – 0.65534 – 0.65225 – 0.65078
Trading Signals: FOREX – AUD – AUD/USD – USD – – Rising Wedge Chart Pattern