Buy AUD/USD – 1H – BUY

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

A bullish trend upwards to the next resistance line at 0.65073 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 0.64474 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three White Soldiers’ chart pattern is detected. The chart forms ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. 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 0.65815
2nd High 0.65496
Next High 0.65073
Current Price 0.64869
Next Low 0.64474
2nd Low 0.64337
3rd Low

Download AUD/USD Signal Image

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