AUD/USD – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.669315 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.67067 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bullish Belt Hold’ candle pattern is discovered. The chart forms ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.67271 |
| Next High | 0.67067 |
| Current Price | 0.66885 |
| Next Low | 0.66592 |
| 2nd Low | 0.65998 |
| 3rd Low | 0.6552 |
0.67067 – 0.67271 – 0.67243 – 0.66592 – 0.66875 – 0.66826 —
0.66757 – 0.66865 —
42.075252017104 – 46.001035124218 —
– —
0.67067 – 1767351600
Trading Signals: FOREX – AUD – AUD/USD – USD – Bullish Belt Hold – – – – – – – – –