AUD/USD – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The currency pair Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline downwards
A descent down to the next support at 0.64881 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.65004 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65047 |
| 2nd High | 0.65040 |
| Next High | 0.65004 |
| Current Price | 0.64909 |
| Next Low | 0.64881 |
| 2nd Low | 0.64696 |
| 3rd Low | 0.64147 |
0.65004 – 0.64933 – 0.65040 – 0.64881 – 0.64696 – 0.64713 — 49.801278768094 – 47.800359296089 — 34.559536568135 – 34.559536568135 – 23.887199096757 – 33.137102012904
Trading Signals: FOREX – AUD – AUD/USD – USD – – Rising Wedge Chart Pattern – –