AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) moves from the descending trendline up.
A bullish movement upwards to the next resistance level at 0.69903 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.6908 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘MACD crosses above signal’ indicator layout is existing. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.70427 |
| 2nd High | 0.70068 |
| Next High | 0.69903 |
| Current Price | 0.69440 |
| Next Low | 0.6908 |
| 2nd Low | 0.6901 |
| 3rd Low | 0.68339 |
0.69903 – 0.70068 – 0.70427 – 0.69397 – 0.6958 – 0.6971 —
0.69361 – 0.69263 —
29.218059287029 – 31.059503242442 —
– —
0.69903 – 1770285600
Trading Signals: FOREX – AUD – AUD/USD – USD – – Double bottom retreat down – – – – – – – –