AUD/USD – 1H – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline upwards
A bullish movement up to the next resistance at 0.70733 is expected.
Caution: A possible change in the direction of the support line at 0.70261 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘Three White Soldiers’ candlestick pattern is existing. The candles show ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71443 |
| 2nd High | 0.71116 |
| Next High | 0.70733 |
| Current Price | 0.71101 |
| Next Low | 0.70261 |
| 2nd Low | 0.70149 |
| 3rd Low | 0.70132 |
0.70733 – 0.71116 – 0.70798 – 0.70261 – 0.7048 – 0.70149 —
0.70649 – 0.71051 —
50.480182068132 – 71.883743157949 —
– —
0.70733 – 1771923600
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –