The pair Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline up.
A bullish movement up to the next resistance at 0.70969 is likely expected.
Caution: A possible change in the direction of support at 0.70431 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.70949 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 0.70969 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71467 |
| 2nd High | 0.71443 |
| Next High | 0.70969 |
| Current Price | 0.70728 |
| Next Low | 0.70431 |
| 2nd Low | 0.70132 |
| 3rd Low | 0.70075 |
0.70969 – 0.71443 – 0.71467 – 0.70431 – 0.70753 – 0.71046 —
0.70548 – 0.70715 —
34.427272570934 – 50.125155530633 —
– —
0.70969 – 1770953400
Trading Signals: FOREX – AUD – AUD/USD – USD – – Double bottom chart pattern – – – – – – – –