The currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the bearish trendline upwards
A bullish movement upwards to the next resistance at 0.69117 is certain.
Caution: A possible counter-trend in the direction of the support zone at 0.68715 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The pair is likely to go up.
There is also a ‘Bearish SBS White Lines’ chart pattern is existing. The candles form ‘Bearish SBS White Lines’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.69893 |
| 2nd High | 0.69566 |
| Next High | 0.69117 |
| Current Price | 0.68695 |
| Next Low | 0.68715 |
| 2nd Low | 0.68339 |
| 3rd Low | 0.67953 |
0.69117 – 0.69566 – 0.69893 – 0.68715 – 0.69316 – 0.69424 —
0.68971 – 0.68943 —
42.333563335789 – 29.461960305839 —
– —
0.69117 – 1774598400
Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish SBS White Lines – – – – – – – – –