AUD/USD – 1H – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline down.
A descending movement down to the next support at 0.7183 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.72274 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Matching Low’ candle chart pattern is existing. The chart shows ‘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 success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.72274 |
| Current Price | 0.72080 |
| Next Low | 0.7183 |
| 2nd Low | 0.71012 |
| 3rd Low | 0.70769 |
0.72274 – 0.72048 – 0.71893 – 0.7183 – 0.71012 – 0.71505 —
0.72153 – 0.72126 —
63.877503202048 – 57.063709006143 —
– —
0.72274 – 1777654800
Trading Signals: FOREX – AUD – AUD/USD – USD – Matching Low – – – – – – – – –