AUD/USD – 30M – BUY

The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline up.

A bullish ascent up to the next resistance at 0.70898 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 0.70277 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive signal. The pair is likely to go up.

Additionally a ‘Bearish SBS White Lines’ chart pattern is existing. The chart shows ‘Bearish SBS White Lines’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

0.70898 – 0.70763 – 0.70962 – 0.70277 – 0.70459 – 0.70669 —
0.70872 – 0.70717 —
62.073278783935 – 42.798885082569 —
– —
0.70898 – 1771362000

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish SBS White Lines – – – – – – – – –