AUD/USD – 4H – BUYThe combination Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline up.
An ascending movement upwards to the next resistance level at 0.72215 is expected.
Caution: A possible trend reversal in the direction of the support line at 0.71107 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.72215 |
| Current Price | 0.71995 |
| Next Low | 0.71107 |
| 2nd Low | 0.69869 |
| 3rd Low | 0.68594 |
0.71995 – 0.71856 – 0.72215 – 0.71107 – 0.71298 – 0.71143 —
0.71658 – 0.71912 —
44.927131361803 – 59.047538467896 —
– —
0.71995 – 1777305600
Trading Signals: FOREX – AUD – AUD/USD – USD – – – – – – – – – –