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 level at 0.72274 is considered certain.
Caution: A possible counter-trend in the direction of support at 0.71012 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three White Soldiers’ candle chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The currency 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 | |
| 2nd High | |
| Next High | 0.72274 |
| Current Price | 0.72683 |
| Next Low | 0.71012 |
| 2nd Low | 0.69869 |
| 3rd Low | 0.68594 |
0.72274 – 0.71995 – 0.71856 – 0.71012 – 0.71107 – 0.71298 —
0.71710 – 0.72504 —
44.172210818863 – 67.927552349765 —
– —
0.72274 – 1777651200
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –