AUD/USD – 4H – SELLIn addition a ‘Double bottom chart pattern’ chart layout is detected. The formation shows ‘Double bottom chart pattern’. this is a bullish signal. The currency pair is likely to rise.
The pair Australian Dollar/US Dollar (AUD/USD) moves from the bullish trendline downwards
A descent down to the next support at 0 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0 |
| 2nd High | 0 |
| Next High | 0 |
| Current Price | 0.65642 |
| Next Low | 0 |
| 2nd Low | 0 |
| 3rd Low | 0 |
0.65636 – 0.65517 – 0.65455 – 0.65078 – 0.63722 – 0.64560
Trading Signals: FOREX – AUD – AUD/USD – USD – – Double bottom chart pattern