AUD/USD – 1H – BUY

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

A continuation of the uptrend up to the next resistance at 0.67187 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 0.66627 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.

Besides a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a positive 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’ going up is 52% (Bull Market) & 51% (Bear Market).

0.67187 – 0.67067 – 0.67271 – 0.66627 – 0.66592 – 0.66875 —
0.67313 – 0.67223 —
70.727096613912 – 54.328978806971 —
– —
0.67187 – 1767636000

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –