The combination Australian Dollar/US Dollar (AUD/USD) moves from the bullish trendline upwards
A continuation of the upward movement up to the next resistance level at 0.70705 is certain.
Caution: A possible trend reversal in the direction of the support zone at could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The pair is likely to go up.
Also there is a ‘Three White Soldiers’ chart pattern is existing. The candles form ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71223 |
| 2nd High | 0.70889 |
| Next High | 0.70705 |
| Current Price | 0.70372 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.70705 – 0.70889 – 0.70728 – 0.69736 – 0.70109 – 0.69843 —
0.70111 – 0.70279 —
46.454114380266 – 54.000819455963 —
– —
0.70705 – 1772708400
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –