The pair Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline upwards
A bullish movement up to the next resistance line at 0.67007 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 0.66812 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The chart forms ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.67458 |
| 2nd High | 0.67251 |
| Next High | 0.67007 |
| Current Price | 0.66959 |
| Next Low | 0.66812 |
| 2nd Low | 0.66627 |
| 3rd Low | 0.66592 |
0.67007 – 0.67251 – 0.67458 – 0.66812 – 0.67166 – 0.67114 —
0.67009 – 0.66974 —
53.984479988991 – 44.879325503142 —
– —
0.67007 – 1767891600
Trading Signals: FOREX – AUD – AUD/USD – USD – Bullish Belt Hold – – – – – – – – –