AUD/USD – 1H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart 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 down.

A bearish movement down to the next support at 0.64836 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.6537 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘Three Outside Down’ candle pattern is detected. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.65117 – 0.64685 – 0.65023 – 0.64836 – 0.64358 – 0.64208 —
0.65264 – 0.65321 —
74.070149358846 – 67.910425032054 —
– —
0.65117 – 1764144000

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –