The pair Australian Dollar/US Dollar (AUD/USD) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 0.64582 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.65798 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.64582 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.65798 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66239 |
| 2nd High | 0.66172 |
| Next High | 0.65798 |
| Current Price | 0.64821 |
| Next Low | 0.64582 |
| 2nd Low | 0.64142 |
| 3rd Low | 0.63722 |
0.65798 – 0.65182 – 0.66172 – 0.64582 – 0.65323 – 0.65767 —
0.65173 – 0.65179 —
41.22212127997 – 45.683040033526 —
– —
0.65798 – 1763020800
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – – – – –