AUD/USD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.63829 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.63829 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. 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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
There is also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63906 |
| 2nd High | 0.63887 |
| Next High | 0.63829 |
| Current Price | 0.63869 |
| Next Low | 0.63220 |
| 2nd Low | 0.63157 |
| 3rd Low | 0.62749 |
0.63574 – 0.63829 – 0.63775 – 0.63220 – 0.63440 – 0.63157
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji