AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) moves from the bearish trendline upwards
A bullish movement up to the next resistance line at 0.62539 is certain.
Caution: A possible trend reversal in the direction of the support level at 0.62044 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish chart scenario. 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 | 0.62181 |
| Next Low | 0.62044 |
| 2nd Low | 0.61987 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers