Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.72772 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 0.72772 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.72772 |
| Current Price | 0.72373 |
| Next Low | 0.71353 |
| 2nd Low | 0.71012 |
| 3rd Low | 0.70769 |
0.72772 – 0.72274 – 0.72048 – 0.71353 – 0.7183 – 0.71012 —
0.72772 – 0.72343 —
81.318957615926 – 53.898614958919 —
0.72772 – 1778072400 —
– 1778072400
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –