AUD/USD – 1H – BUY

The pair Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline upwards

A continuation of the bullish trend up to the next resistance at 0.69693 will persist.

Caution: A possible reversal of the trend in the direction of the support zone at 0.69332 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair could go up.

Additionally a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.69693 – 0.69463 – 0.69597 – 0.69332 – 0.69061 – 0.69197 —
0.69682 – 0.69521 —
64.565761044964 – 53.487520866717 —
– —
0.69693 – 1783659600

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –