AUD/USD – 1H – BUYThe combination Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline upwards
The bullish trend up to the next resistance level at 0.67091 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.66675 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.67127928 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 0.67091 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.6727 |
| 2nd High | 0.67093 |
| Next High | 0.67091 |
| Current Price | 0.67024 |
| Next Low | 0.66675 |
| 2nd Low | 0.66668 |
| 3rd Low | 0.66631 |
0.67091 – 0.67093 – 0.6702 – 0.66675 – 0.66948 – 0.66668 —
0.66856 – 0.66973 —
45.756630764061 – 55.737053095932 —
– —
0.67091 – 1768564800
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –