AUD/USD – 1H – BUY

The currency pair Australian Dollar/US Dollar (AUD/USD) moves from the bullish trendline down.

A bearish movement downwards to the next support line at 0.63434 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.64350 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.639115 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.64350 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.64350 – 0.64389 – 0.64373 – 0.63434 – 0.63488 – 0.63679

Download AUD/USD Signal Image

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji