AUD/USD – 30M – SELLBesides a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline downwards
A descending movement down to the next support line at 0.69686 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.70549 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.69686 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 0.70549 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.70937 |
| 2nd High | 0.70821 |
| Next High | 0.70549 |
| Current Price | 0.69758 |
| Next Low | 0.69686 |
| 2nd Low | 0.6901 |
| 3rd Low | 0.68339 |
0.70549 – 0.70821 – 0.70937 – 0.69769 – 0.69686 – 0.70204 —
0.70074 – 0.70060 —
39.950755161597 – 46.503389925713 —
– —
0.70549 – 1769736600
Trading Signals: FOREX – AUD – AUD/USD – USD – – Symmetrical Triangle Chart Pattern – – – – – – – –