The pair Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance line at 0.71277 will continue.
Caution: A possible change in the direction of the support level at 0.70982 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.
Furthermore a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.71277 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance line at 0.71277 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.71277 |
| Current Price | 0.71143 |
| Next Low | 0.70982 |
| 2nd Low | 0.70637 |
| 3rd Low | 0.70132 |
0.71277 – 0.70901 – 0.70982 – 0.70982 – 0.70637 – 0.70641 —
0.71222 – 0.71293 —
55.480587128727 – 44.422047815087 —
– —
0.71277 – 1770789600
Trading Signals: FOREX – AUD – AUD/USD – USD – – Inverse Head and Shoulder chart pattern – – – – – – – –