The combination Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 0.67389 is considered certain.
Caution: A possible change in the direction of the support level at 0.67114 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The currency pair could go down.
There is also a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.67389 |
| Current Price | 0.67312 |
| Next Low | 0.67114 |
| 2nd Low | 0.67027 |
| 3rd Low | 0.66627 |
0.67389 – 0.67187 – 0.66975 – 0.67114 – 0.67027 – 0.66627 —
0.67191 – 0.67316 —
48.396577695243 – 53.847363170521 —
– —
0.67389 – 1767688200
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –