AUD/USD – 1H – BUYThe pair Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline upwards
The bullish trend up to the next resistance at 0.65091 is certain.
Caution: A possible counter-trend in the direction of the support zone at 0.64769 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The 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 | 0.65815 |
| 2nd High | 0.65496 |
| Next High | 0.65091 |
| Current Price | 0.65206 |
| Next Low | 0.64769 |
| 2nd Low | 0.64474 |
| 3rd Low | 0.64337 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers