The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance level at 0.6467 is certain.
Caution: A possible change in the direction of the support line at 0.64417 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The pair is likely to go up.
Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Next a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65179 |
| 2nd High | 0.65023 |
| Next High | 0.6467 |
| Current Price | 0.64627 |
| Next Low | 0.64417 |
| 2nd Low | 0.64208 |
| 3rd Low | 0.64147 |
0.6467 – 0.64656 – 0.64603 – 0.64417 – 0.64486 – 0.64208 —
0.64680 – 0.64648 —
60.39134510857 – 47.049857520694 —
– —
0.64670 – 1763971200
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –