AUD/USD – 1H – BUY

The currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline upwards

A continuation of the uptrend up to the next resistance line at 0.65435 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 0.64662 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.650385 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.65435 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a positive chart scenario. 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).

0.65435 – 0.65517 – 0.65192 – 0.65024 – 0.64662 – 0.64560

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