The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline up.
A bullish trend up to the next resistance level at 0.6943 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair is likely to rise.
In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.70135 |
| 2nd High | 0.70037 |
| Next High | 0.6943 |
| Current Price | 0.69184 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.6943 – 0.69156 – 0.69294 – 0.68862 – 0.68837 – 0.68843 —
0.69223 – 0.69202 —
56.128381740572 – 48.784623663156 —
– —
0.6943 – 1783011600
Trading Signals: FOREX – AUD – AUD/USD – USD – – – – – – – – – –