AUD/USD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 0.6513 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 0.65212 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three White Soldiers’ candlestick pattern is discovered. The chart forms ‘Three White Soldiers’. which is a bullish 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’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65441 |
| 2nd High | 0.65322 |
| Next High | 0.65212 |
| Current Price | 0.65042 |
| Next Low | 0.64968 |
| 2nd Low | 0.64841 |
| 3rd Low | 0.64819 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers