AUD/USD – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance at 0.71443 is certain.

Caution: A possible trend reversal in the direction of the support level at 0.70727 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish SBS White Lines’ candlestick chart pattern is existing. The candles show ‘Bearish SBS White Lines’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

0.71162 – 0.70733 – 0.71116 – 0.70727 – 0.70261 – 0.7048 —
0.71239 – 0.71324 —
69.86824230986 – 62.94695742562 —
– —
0.71162 – 1772010000

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish SBS White Lines – – – – – – – – –