The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline upwards
A bullish ascent up to the next resistance at 0.70972 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.70514 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair is likely to rise.
Also there is a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish signal. The pair is likely to go up.
Also there is a ‘Three White Soldiers’ candle pattern is found. The chart shows ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71317 |
| 2nd High | 0.71164 |
| Next High | 0.70972 |
| Current Price | 0.71028 |
| Next Low | 0.70514 |
| 2nd Low | 0.70445 |
| 3rd Low | 0.70321 |
0.70972 – 0.71164 – 0.71317 – 0.70514 – 0.70445 – 0.70321 —
0.70835 – 0.70984 —
52.951271056195 – 56.700040041631 —
– —
0.70972 – 1772452800
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –