The combination Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance line at 0.67187 is likely expected.
Caution: A possible counter-trend in the direction of support at 0.66627 could occur.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.67271 |
| Next High | 0.67187 |
| Current Price | 0.67228 |
| Next Low | 0.66627 |
| 2nd Low | 0.66592 |
| 3rd Low | 0.66044 |
0.67187 – 0.66975 – 0.67067 – 0.66627 – 0.66646 – 0.66651 —
0.67131 – 0.67245 —
62.074039165141 – 66.250572305989 —
– —
0.67187 – 1767637800
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –