The pair Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline down.
A descending movement downwards to the next support level at 0.65199 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.65798 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66156 |
| 2nd High | 0.65972 |
| Next High | 0.65798 |
| Current Price | 0.65448 |
| Next Low | 0.65199 |
| 2nd Low | 0.64836 |
| 3rd Low | 0.64647 |
0.65405 – 0.65336 – 0.65394 – 0.65199 – 0.6528 – 0.65211 —
0.65290 – 0.65577 —
46.721545609337 – 63.778580805234 —
– —
0.65405 – 1764298800
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –