Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.6522636 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 0.65389 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65972 |
| 2nd High | 0.65621 |
| Next High | 0.65389 |
| Current Price | 0.65371 |
| Next Low | 0.64679 |
| 2nd Low | 0.64671 |
| 3rd Low | 0.64629 |
0.65389 – 0.64927 – 0.64905 – 0.64679 – 0.64671 – 0.64629 —
0.65293 – 0.65398 —
48.616514689126 – 61.269041810521 —
– —
0.65389 – 1762774200
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – –