The pair Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at 0.66895 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.6605 could happen.
Consider stop-loss settings accordingly.
Besides a ‘%K crosses above %D’ indicator signal is discovered. The indicator is ‘%K crosses above %D’. this is usually a bullish signal. The currency pair could go up.
Besides a ‘%K crosses above %D’ indicator signal is discovered. The indicator is ‘%K crosses above %D’. this is usually a bullish signal. The currency pair could go up.
Besides a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.66895 |
| Current Price | 0.66379 |
| Next Low | 0.6605 |
| 2nd Low | 0.6603 |
| 3rd Low | 0.65745 |
0.66236 – 0.66189 – 0.65704 – 0.6605 – 0.6603 – 0.65745 —
0.66340 – 0.66319 —
71.362799396857 – 58.921357251309 —
– —
0.66236 – 1764869400
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double bottom chart pattern – – – – – – – –