The pair Australian Dollar/US Dollar (AUD/USD) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 0.68594 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.69178 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.70132 |
| 2nd High | 0.69631 |
| Next High | 0.69178 |
| Current Price | 0.69064 |
| Next Low | 0.68594 |
| 2nd Low | 0.68348 |
| 3rd Low | 0.68329 |
0.69178 – 0.69631 – 0.68744 – 0.68594 – 0.68348 – 0.68329 —
0.69102 – 0.69131 —
53.338647207053 – 53.65940571354 —
– —
0.69178 – 1775152800
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – – – – – – – – –