AUD/USD – 30M – SELLThe pair Australian Dollar/US Dollar (AUD/USD) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 0.66675 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.67091 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.6727 |
| 2nd High | 0.67093 |
| Next High | 0.67091 |
| Current Price | 0.66940 |
| Next Low | 0.66675 |
| 2nd Low | 0.66668 |
| 3rd Low | 0.66631 |
0.67091 – 0.67067 – 0.67093 – 0.66675 – 0.66707 – 0.66948 —
0.66856 – 0.67005 —
47.371347416732 – 58.908587997507 —
– —
0.67091 – 1768566600
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –