AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance level at 0.69281 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.6901 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Bearish Harami Cross’ candlestick chart pattern is existing. The candles show ‘Bearish Harami Cross’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami Cross’ going down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.69404 |
| Next High | 0.69281 |
| Current Price | 0.70066 |
| Next Low | 0.6901 |
| 2nd Low | 0.68339 |
| 3rd Low | 0.67953 |
0.69281 – 0.69404 – 0.69312 – 0.6901 – 0.69068 – 0.69081 —
0.69816 – 0.69860 —
77.498778889065 – 75.418974134126 —
– —
0.69281 – 1769488200
Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Harami Cross – – – – – – – – –