AUD/USD – 4H – BUYThe pair Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at will continue.
Caution: A possible change in the direction of support at 0.65078 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.65807 |
| 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 – Northern Doji – Inverse Head and Shoulder chart pattern