The pair Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance level at 0.65798 is expected.
Caution: A possible change in the direction of the support level at 0.64836 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘%K crosses above %D’ indicator signal is discovered. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart scenario. The pair is likely to go up.
Next a ‘Three White Soldiers’ chart pattern is discovered. The chart forms ‘Three White Soldiers’. this is a bullish 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’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66156 |
| 2nd High | 0.65972 |
| Next High | 0.65798 |
| Current Price | 0.65318 |
| Next Low | 0.64836 |
| 2nd Low | 0.64647 |
| 3rd Low | 0.64358 |
0.65117 – 0.64753 – 0.64685 – 0.64836 – 0.64647 – 0.64358 —
0.65308 – 0.65276 —
66.048628524052 – 54.55130652783 —
– —
0.65117 – 1764144000
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –