The currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance line at 0.71478 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.7053 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘MACD Hidden Bullish Divergence’ indicator layout is existing. The indicator shows ‘MACD Hidden Bullish Divergence’. which is often a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71871 |
| 2nd High | 0.71604 |
| Next High | 0.71478 |
| Current Price | 0.70833 |
| Next Low | 0.7053 |
| 2nd Low | 0.69813 |
| 3rd Low | 0.69558 |
0.71478 – 0.71604 – 0.71871 – 0.70718 – 0.7111 – 0.71427 —
0.70838 – 0.70795 —
27.848079767573 – 32.673369976266 —
– —
0.71478 – 1773325800
Trading Signals: FOREX – AUD – AUD/USD – USD – – Rising Wedge Chart Pattern – – – – – – – –