AUD/USD – 30M – BUYThe combination Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline up.
The bullish trend up to the next resistance at 0.65065 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.64337 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three White Soldiers’ candle chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a bullish pattern 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 | 0.65496 |
| 2nd High | 0.65271 |
| Next High | 0.65065 |
| Current Price | 0.64884 |
| Next Low | 0.64337 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers