The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline upwards
An ascent upwards to the next resistance at 0.6467 will continue.
Caution: A possible counter-trend in the direction of the support line at 0.64417 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.
There is also a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65179 |
| 2nd High | 0.65023 |
| Next High | 0.6467 |
| Current Price | 0.64651 |
| Next Low | 0.64417 |
| 2nd Low | 0.64208 |
| 3rd Low | 0.64147 |
0.6467 – 0.64656 – 0.64603 – 0.64417 – 0.64486 – 0.64208 —
0.64620 – 0.64646 —
57.893442133924 – 58.67539859459 —
– —
0.64670 – 1763971200
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –