AUD/USD – 1H – BUYAnd also a ‘Triple bottom chart pattern’ chart pattern is existing. The chart forms ‘Triple bottom chart pattern’. which is a bullish signal. The currency pair is likely to go up.
The combination Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 0.6504 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65239 |
| 2nd High | 0.65047 |
| Next High | 0.6504 |
| Current Price | 0.65219 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.6504 – 0.65047 – 0.65007 – 0.64621 – 0.64696 – 0.64713 — 42.256041432771 – 50.473904841681 — 24.646410565297 – 33.333333333333 – 42.939423111292 – 32.299707015274
Trading Signals: FOREX – AUD – AUD/USD – USD – – Triple bottom chart pattern – –