AUD/USD – 30M – BUYBesides a ‘Hammer’ candle pattern is existing. The chart forms ‘Hammer’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62358 |
| 2nd High | 0.62191 |
| Next High | 0.62040 |
| Current Price | 0.61929 |
| Next Low | 0.61878 |
| 2nd Low | 0.61716 |
| 3rd Low |