The pair Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at 0.72772 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.71353 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.
And also a ‘Three White Soldiers’ candle pattern is existing. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.72772 |
| Current Price | 0.72361 |
| Next Low | 0.71353 |
| 2nd Low | 0.71012 |
| 3rd Low | 0.69869 |
0.72772 – 0.72274 – 0.71995 – 0.71353 – 0.71012 – 0.71107 —
0.72397 – 0.72217 —
60.711894488304 – 52.318796250191 —
– —
0.72772 – 1778068800
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –