Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.65336 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.65327 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. this 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65377 |
| 2nd High | 0.65336 |
| Next High | 0.65327 |
| Current Price | 0.65227 |
| Next Low | 0.64895 |
| 2nd Low | 0.64791 |
| 3rd Low | 0.64502 |
0.65327 – 0.65294 – 0.65268 – 0.64895 – 0.65056 – 0.64791
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji