AUD/USD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 0.64744952 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.64880 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Three White Soldiers’ candlestick pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65457 |
| 2nd High | 0.64971 |
| Next High | 0.64880 |
| Current Price | 0.64551 |
| Next Low | 0.64525 |
| 2nd Low | |
| 3rd Low |