Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout 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.
Moreover a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.71548 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 0.71764 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71899 |
| 2nd High | 0.71876 |
| Next High | 0.71764 |
| Current Price | 0.71415 |
| Next Low | 0.7122 |
| 2nd Low | 0.7108 |
| 3rd Low | 0.70974 |
0.71392 – 0.71764 – 0.71876 – 0.7122 – 0.71521 – 0.71693 —
0.71476 – 0.71416 —
66.192148723279 – 52.89333584386 —
– —
0.71392 – 1780536600
Trading Signals: FOREX – AUD – AUD/USD – USD – – – – – – – – – –