AUD/USD – 1H – BUY

The pair Australian Dollar/US Dollar (AUD/USD) moves from the descending trendline up.

A bullish movement up to the next resistance level at 0.70427 is certain.

Caution: A possible counter-trend in the direction of the support zone at 0.69351 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.697895 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.70427 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

0.70427 – 0.70499 – 0.69701 – 0.6958 – 0.69803 – 0.69351 —
0.69665 – 0.69411 —
34.87953147523 – 41.746115693379 —
– —
0.70427 – 1770199200

Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –