The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance at will continue.
Caution: A possible trend reversal in the direction of the support zone at 0.65078 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.65636 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.65732 |
| Next Low | 0.65078 |
| 2nd Low | 0.63722 |
| 3rd Low | 0.63562 |
0.65636 – 0.65517 – 0.65455 – 0.65078 – 0.63722 – 0.64560
Trading Signals: FOREX – AUD – AUD/USD – USD – – Inverse Head and Shoulder chart pattern