The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline upwards
A bullish ascent up to the next resistance level at 0.70719 will persist.
Caution: A possible trend reversal in the direction of support at 0.70537 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The pair is likely to go up.
And also a ‘MACD-Hist Bullish Divergence’ indicator signal is existing. The indicator is ‘MACD-Hist Bullish Divergence’. which could be a positive signal. The pair is likely to go up.
And also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
And also a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.7088 |
| 2nd High | 0.70793 |
| Next High | 0.70719 |
| Current Price | 0.70652 |
| Next Low | 0.70537 |
| 2nd Low | 0.70417 |
| 3rd Low | 0.70373 |
0.70719 – 0.70793 – 0.70783 – 0.70537 – 0.70629 – 0.70417 —
0.70617 – 0.70624 —
46.09004541683 – 49.570316802489 —
– —
0.70719 – 1781668800
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –