AUD/USD – 1H – SELL

The combination Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline down.

A descending movement downwards to the next support at 0.69803 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 0.70499 could happen.
Consider stop-loss settings accordingly.

And also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

And also a ‘Matching Low’ candle chart pattern is found. The chart forms ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.70499 – 0.69701 – 0.70315 – 0.69803 – 0.69351 – 0.6908 —
0.70361 – 0.70427 —
58.730634372433 – 61.340165222399 —
– —
0.70499 – 1770109200

Trading Signals: FOREX – AUD – AUD/USD – USD – Matching Low – – – – – – – – –