AUD/USD – 1H – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline up.
A continuation of the upward movement upwards to the next resistance level at 0.64712 is expected.
Caution: A possible counter-trend in the direction of the support line at 0.63650 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three White Soldiers’ candle pattern is existing. The candles show ‘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 likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65259 |
| 2nd High | 0.65043 |
| Next High | 0.64712 |
| Current Price | 0.63823 |
| Next Low | 0.63650 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers