AUD/USD – 1H – BUY

The pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline upwards

An ascent upwards to the next resistance at 0.69377 is considered certain.

Caution: A possible change in the direction of the support level at 0.6898 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 0.69631 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance zone at 0.69377 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.69377 – 0.69178 – 0.69631 – 0.6898 – 0.68759 – 0.68594 —
0.69133 – 0.69431 —
48.48593911544 – 56.701940096024 —
– —
0.69377 – 1775494800

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –