Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 0.715035 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.71893 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three White Soldiers’ candlestick pattern is existing. The chart shows ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.72215 |
| 2nd High | 0.71995 |
| Next High | 0.71893 |
| Current Price | 0.71292 |
| Next Low | 0.71012 |
| 2nd Low | 0.70769 |
| 3rd Low | 0.70287 |
0.71893 – 0.71995 – 0.71629 – 0.71012 – 0.71505 – 0.71107 —
0.71282 – 0.71220 —
41.400209478558 – 39.810825150097 —
– —
0.71893 – 1777431600
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –