AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline upwards
An ascent upwards to the next resistance at 0.65496 will persist.
Caution: A possible trend reversal in the direction of support at 0.64815 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bullish Engulfing’ candle pattern is found. The candles show ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65815 |
| 2nd High | 0.65569 |
| Next High | 0.65496 |
| Current Price | 0.65224 |
| Next Low | 0.64815 |
| 2nd Low | 0.64709 |
| 3rd Low | 0.64476 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Bullish Engulfing