AUD/USD – 1H – BUYThe combination Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance level at 0.62539 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 0.62184 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three White Soldiers’ chart pattern is existing. The chart shows ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62742 |
| 2nd High | 0.62646 |
| Next High | 0.62539 |
| Current Price | 0.62184 |
| Next Low | 0.62184 |
| 2nd Low | 0.62147 |
| 3rd Low | 0.61987 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers