AUD/USD – 1H – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance at 0.67661 is considered certain.
Caution: A possible change in the direction of support at 0.67271 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Northern Doji’ candlestick pattern is existing. 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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.67661 |
| Current Price | 0.67706 |
| Next Low | 0.67271 |
| 2nd Low | 0.66675 |
| 3rd Low | 0.66668 |
0.67468 – 0.67091 – 0.67093 – 0.67271 – 0.66675 – 0.66948 —
0.67327 – 0.67515 —
51.741953883202 – 62.017865602415 —
0.67271 – 1768975200 —
0.67468 – 1768903200
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double top retreat up – – – – – – – –