AUD/USD – 1H – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance at 0.62465 is likely expected.
Caution: A possible counter-trend in the direction of support at 0.62014 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three White Soldiers’ candle pattern is existing. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62646 |
| 2nd High | 0.62539 |
| Next High | 0.62465 |
| Current Price | 0.62001 |
| Next Low | 0.62014 |
| 2nd Low | 0.62002 |
| 3rd Low | 0.61987 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers