AUD/USD – 30M – SELL

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

A bearish trend downwards to the next support at 0.70958 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 0.71317 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.71013 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.71317 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Southern Doji’ candlestick chart pattern is found. The candles show ‘Southern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.71317 – 0.7112 – 0.71237 – 0.70958 – 0.70665 – 0.71135 —
0.71075 – 0.71250 —
41.785080038703 – 55.56119835235 —
– —
0.71317 – 1772175600

Trading Signals: FOREX – AUD – AUD/USD – USD – Southern Doji – – – – – – – – –