AUD/USD – 30M – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 0.66286 will continue.
Caution: A possible trend reversal in the direction of the support zone at 0.6605 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Northern Doji’ chart pattern is existing. The chart forms ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.66895 |
| Next High | 0.66286 |
| Current Price | 0.66305 |
| Next Low | 0.6605 |
| 2nd Low | 0.6603 |
| 3rd Low | 0.65745 |
0.66236 – 0.66189 – 0.65704 – 0.6605 – 0.6603 – 0.65745 —
0.66206 – 0.66335 —
62.006259521591 – 60.678217816807 —
– —
0.66236 – 1764869400
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –