AUD/USD – 30M – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 0.65774 is likely expected.
Caution: A possible change in the direction of resistance at 0.66021 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Tweezers Top’ candle chart pattern is detected. The candles form ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66895 |
| 2nd High | 0.66193 |
| Next High | 0.66021 |
| Current Price | 0.65979 |
| Next Low | 0.65774 |
| 2nd Low | 0.65746 |
| 3rd Low | 0.65234 |
0.66021 – 0.65994 – 0.66193 – 0.65774 – 0.65746 – 0.65805 — 60.228156624876 – 53.516819709215 — 79.487740805604 – 68.195294915905 – 71.997773201926 – 72.852900404729
Trading Signals: FOREX – AUD – AUD/USD – USD – Tweezers Top – – –