The currency pair Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline downwards
A descending movement downwards to the next support line at 0.7153 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.7217 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.
There is also a ‘Matching Low’ candlestick chart pattern is discovered. The candles show ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.72274 |
| 2nd High | 0.722 |
| Next High | 0.7217 |
| Current Price | 0.71594 |
| Next Low | 0.7153 |
| 2nd Low | 0.71095 |
| 3rd Low | 0.71012 |
0.7217 – 0.722 – 0.72274 – 0.7153 – 0.71677 – 0.71994 —
0.71711 – 0.71683 —
37.156949264104 – 39.617114997038 —
– —
0.7217 – 1777876200
Trading Signals: FOREX – AUD – AUD/USD – USD – Matching Low – Symmetrical Triangle Chart Pattern – – – – – – – –