AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance at 0.63775 will persist.
Caution: A possible change in the direction of support at 0.63440 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63906 |
| 2nd High | 0.63887 |
| Next High | 0.63775 |
| Current Price | 0.63756 |
| Next Low | 0.63440 |
| 2nd Low | 0.63157 |
| 3rd Low | 0.62749 |
0.63775 – 0.63408 – 0.63424 – 0.63440 – 0.63157 – 0.62749
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji