The combination Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline down.
A bearish movement downwards to the next support line at 0.64819 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.65441 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.6464321 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 0.65441 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
Support & Resistance |
Price Range* |
3rd High |
0.65569 |
2nd High |
0.65457 |
Next High |
0.65441 |
Current Price |
0.64862 |
Next Low |
0.64819 |
2nd Low |
0.64476 |
3rd Low |
0.64426 |
Download AUD/USD Signal Image
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows