The combination Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 0.65179 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.64836 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘%K crosses above %D’ indicator signal is detected. The indicator shows ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair could go up.
And also a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. 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 | 0.65972 |
| 2nd High | 0.65798 |
| Next High | 0.65179 |
| Current Price | 0.65230 |
| Next Low | 0.64836 |
| 2nd Low | 0.64647 |
| 3rd Low | 0.64358 |
0.65117 – 0.64753 – 0.64685 – 0.64836 – 0.64647 – 0.64358 —
0.65207 – 0.65188 —
67.270854379334 – 61.76633525014 —
– —
0.65117 – 1764144000
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double top chart pattern – – – – – – – –