AUD/USD – 1H – SELL

The currency pair Australian Dollar/US Dollar (AUD/USD) moves from the bearish trendline down.

A continuation of the downward movement down to the next support line at 0.66668 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.6702 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair is likely to fall.

Then a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Then a ‘Tweezers Top’ candle pattern is existing. The candles form ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.6702 – 0.6727 – 0.6722 – 0.66668 – 0.66726 – 0.66631 —
0.66996 – 0.67006 —
59.518396097172 – 55.867233033614 —
– —
0.67020 – 1768381200

Trading Signals: FOREX – AUD – AUD/USD – USD – Tweezers Top – – – – – – – – –