AUD/USD – 1H – BUYThe currency pair breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance level at 0.66099 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.65447 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66611 |
| 2nd High | 0.66465 |
| Next High | 0.66099 |
| Current Price | 0.65711 |
| Next Low | 0.65447 |
| 2nd Low | |
| 3rd Low |