The combination Australian Dollar/US Dollar (AUD/USD) moves from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance at 0.70962 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.70535 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71443 |
| 2nd High | 0.70969 |
| Next High | 0.70962 |
| Current Price | 0.70641 |
| Next Low | 0.70535 |
| 2nd Low | 0.70431 |
| 3rd Low | 0.70132 |
0.70962 – 0.70856 – 0.70969 – 0.70669 – 0.70535 – 0.70431 —
0.70689 – 0.70688 —
28.722158911293 – 42.628409467852 —
– —
0.70962 – 1771237800
Trading Signals: FOREX – AUD – AUD/USD – USD – – Head and Shoulder chart pattern – – – – – – – –