AUD/USD – 30M – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance line at 0.6525 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.65234 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65684 |
| 2nd High | 0.65418 |
| Next High | 0.6525 |
| Current Price | 0.65321 |
| Next Low | 0.65234 |
| 2nd Low | 0.65053 |
| 3rd Low | 0.64621 |
0.6525 – 0.65246 – 0.65418 – 0.65234 – 0.65053 – 0.64621 — 61.569963106823 – 62.608323757019 — 95.448023097004 – 99.234133775911 – 94.472477002834 – 96.710059989973
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Rising Wedge Chart Pattern – –