AUD/USD – 1H – BUYThe combination breaks through the bearish trendline upwards
The bullish trend up to the next resistance line at 0.66099 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.65447 could occur.
In the case of a trade, always set appropriate stop-loss settings.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66611 |
| 2nd High | 0.66465 |
| Next High | 0.66099 |
| Current Price | 0.65796 |
| Next Low | 0.65447 |
| 2nd Low | |
| 3rd Low |