AUD/USD – 1H – BUY

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.66244608 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.66486 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.66486 – 0.66485 – 0.66236 – 0.66138 – 0.66259 – 0.6552 —
0.66259 – 0.66391 —
47.049399846125 – 54.080816147175 —
– —
0.66486 – 1765180800

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double bottom retreat down – – – – – – – –