The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance level at 0.72274 is certain.
Caution: A possible change in the direction of the support zone at 0.71353 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.
Also there is a ‘Three White Soldiers’ candlestick pattern is detected. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.72274 |
| Current Price | 0.72286 |
| Next Low | 0.71353 |
| 2nd Low | 0.71012 |
| 3rd Low | 0.70769 |
0.72274 – 0.72048 – 0.71893 – 0.71353 – 0.7183 – 0.71012 —
0.71950 – 0.72080 —
59.784609589832 – 67.855478261474 —
– —
0.72274 – 1777654800
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –