The pair Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance at 0.67062 will continue.
Caution: A possible trend reversal in the direction of the support line at 0.66747 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.
Moreover a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.67458 |
| 2nd High | 0.67251 |
| Next High | 0.67062 |
| Current Price | 0.67122 |
| Next Low | 0.66747 |
| 2nd Low | 0.66631 |
| 3rd Low | 0.66627 |
0.67062 – 0.6703 – 0.67038 – 0.66747 – 0.66631 – 0.66879 —
0.67113 – 0.67154 —
67.355676171696 – 50.687929319828 —
– —
0.67062 – 1768186800
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –