AUD/USD – 1H – BUYThe pair Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline upwards
A continuation of the upward movement up to the next resistance line at 0.64934 will persist.
Caution: A possible reversal of the trend in the direction of support at 0.64375 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.64934 |
| Current Price | 0.64848 |
| Next Low | 0.64375 |
| 2nd Low | 0.64339 |
| 3rd Low | 0.63652 |
0.64934 – 0.64695 – 0.64268 – 0.64375 – 0.64339 – 0.63652
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji