The combination Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance at 0.64480 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 0.63722 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.64972 |
| 2nd High | 0.64958 |
| Next High | 0.64480 |
| Current Price | 0.64222 |
| Next Low | 0.63722 |
| 2nd Low | 0.63608 |
| 3rd Low | 0.63562 |
0.64480 – 0.64958 – 0.64972 – 0.64233 – 0.64251 – 0.64286 — 40.083154981979 – 43.946172860084 — 49.431423834332 – 50.937201089605 – 57.122846834432 – 54.017485349765
Trading Signals: FOREX – AUD – AUD/USD – USD – – Double bottom retreat down – –