The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at 0.69492 will continue.
Caution: A possible change in the direction of support at 0.69213 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.
Moreover a ‘Three White Soldiers’ candle chart pattern is found. The chart forms ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.70135 |
| 2nd High | 0.70037 |
| Next High | 0.69492 |
| Current Price | 0.69428 |
| Next Low | 0.69213 |
| 2nd Low | 0.69103 |
| 3rd Low | 0.68862 |
0.6938 – 0.69419 – 0.69492 – 0.69213 – 0.69338 – 0.69103 —
0.69357 – 0.69378 —
53.706409039596 – 57.140848035271 —
– —
0.6938 – 1783335600
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –