The combination Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at 0.71467 will continue.
Caution: A possible change in the direction of support at 0.70431 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.
Furthermore a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.71467 |
| Current Price | 0.70814 |
| Next Low | 0.70431 |
| 2nd Low | 0.68966 |
| 3rd Low | 0.66675 |
0.71467 – 0.70499 – 0.70937 – 0.70431 – 0.68966 – 0.6908 —
0.70962 – 0.70763 —
51.068975580749 – 39.049401398141 —
– —
0.71467 – 1770868800
Trading Signals: FOREX – AUD – AUD/USD – USD – – Double top retreat up – – – – – – – –