AUD/USD – 30M – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance level at 0.71164 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.70514 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The pair is likely to go up.
Moreover a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71361 |
| 2nd High | 0.71317 |
| Next High | 0.71164 |
| Current Price | 0.71039 |
| Next Low | 0.70514 |
| 2nd Low | 0.70445 |
| 3rd Low | 0.70321 |
0.70972 – 0.71164 – 0.71317 – 0.70514 – 0.70445 – 0.70321 —
0.70984 – 0.71198 —
56.700040181917 – 54.690536376465 —
– —
0.70972 – 1772452800
Trading Signals: FOREX – AUD – AUD/USD – USD – – Rising Wedge Chart Pattern – – – – – – – –