The combination Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline up.
An ascent up to the next resistance at 1.64243 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 1.62483 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64803 |
| 2nd High | 1.64581 |
| Next High | 1.64243 |
| Current Price | 1.63016 |
| Next Low | 1.62483 |
| 2nd Low | 1.61997 |
| 3rd Low | 1.61282 |
1.64243 – 1.63406 – 1.64182 – 1.62483 – 1.62796 – 1.6298 —
1.62733 – 1.63002 —
41.169114211905 – 51.0359103141 —
– —
1.64243 – 1777496400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Rising Wedge Chart Pattern – – – – – – – –