AUD/USD – 30M – BUYThe combination Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline up.
The bullish trend up to the next resistance at 0.71317 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.70958 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair could go up.
In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair could go up.
In addition a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71443 |
| 2nd High | 0.71361 |
| Next High | 0.71317 |
| Current Price | 0.71077 |
| Next Low | 0.70958 |
| 2nd Low | 0.70665 |
| 3rd Low | 0.70559 |
0.71317 – 0.7112 – 0.71237 – 0.70958 – 0.70665 – 0.71135 —
0.71183 – 0.71075 —
48.436914338422 – 41.785078522577 —
– —
0.71317 – 1772175600
Trading Signals: FOREX – AUD – AUD/USD – USD – – – – – – – – – –