AUD/USD – 1H – BUY

The pair Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline up.

A continuation of the upward movement up to the next resistance at 0.65899 is expected.

Caution: A possible trend reversal in the direction of the support level at could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.65899 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.65899 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.65899 – 0.65636 – 0.65190 – 0.65614 – 0.65534 – 0.65225

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