AUD/USD – 4H – BUY

The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline up.

A continuation of the upward movement upwards to the next resistance line at is expected.

Caution: A possible reversal of the trend in the direction of support at 0.66592 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ candle pattern is existing. The chart shows ‘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’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.66609 – 0.66854 – 0.65798 – 0.66592 – 0.66826 – 0.65921 —
0.66975 – 0.67159 —
51.593725471398 – 61.903397909857 —
– —
0.66609 – 1765886400

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –