AUD/USD – 30M – BUY

There is also a ‘Double bottom chart pattern’ chart layout is found. The formation shows ‘Double bottom chart pattern’. which is a positive signal. The currency pair is likely to go up.

The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline upwards

A bullish trend up to the next resistance at 0.65294 will persist.

Caution: A possible counter-trend in the direction of support at 0.64895 could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair is likely to rise.

There is also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 0.65336 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.65294 could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. 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).

0.65294 – 0.65268 – 0.65336 – 0.64895 – 0.65056 – 0.64791

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