AUD/USD – 1H – BUY

The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline upwards

An ascending movement upwards to the next resistance level at 0.65023 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 0.64208 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a positive 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).

0.65023 – 0.65179 – 0.6537 – 0.64208 – 0.64358 – 0.64507 —
0.64639 – 0.64571 —
54.707610051236 – 43.244045332325 —
– —
0.65023 – 1763654400

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double bottom chart pattern – – – – – – – –