AUDUSD Price May Commence A Bullish Trend

Bulls are gathering momentum

AUDUSD Price Analysis – 19 June

It may be possible for purchasers to drive the price up to roughly $0.68 or possibly $0.69 if they are persistent enough to break over the $0.67 barrier.  AUDUSD may drop to the $0.65 and $0.64 support levels if sellers are successful in pushing the price below the $0.66 support level.

Key levels:

Resistance levels: $0.67, $0.68, $0.69

Support levels: $0.66, $0.65, $0.64

AUDUSD Long-term Trend: Bullish

The value of AUDUSD is inclined on the daily chart. A sizable bullish candle that emerged on March 6 indicated the start of a bullish trend for the currency pair. The bulls’ efforts resulted in a $0.66 gain in price. The price was reduced from the first quoted number to $0.62 when sales began to fall.  The resistance level of $0.65 is breached by the AUDUSD. It is continuing falling and approaching very near to $0.66. The way the market has performed today supports the bulls’ prognosis from yesterday that there will be a rally.

The market is viewed as bullish when the currency pair clears the Hull Suite forex signals indicator. When the blue QQE MOD indicator histogram is above the zero level, a buy forex signals is shown. It may be possible for purchasers to drive the price up to roughly $0.68 or possibly $0.69 if they are persistent enough to break over the $0.67 barrier.  Prices may drop to the $0.65 and $0.64 support levels if sellers are successful in pushing the price below the $0.66 support level.

AUDUSD medium-term Trend: Bullish

The Australian dollar’s 4-hour chart shows an increasing trend. The $0.66 barrier level restrained the movement of the currency pair for over three weeks. Prices range from $0.66 to $0.65. As the price started to rise over the dynamic barrier level, more bullish candles burned. On the chart, the 4-hour candle that closed at $0.65 yesterday looks healthy. When the prior level is exceeded, an inclined trend may begins to show.

AUDUSD market might continue to rise, in my opinion. A positive trend can be seen in both the blue histogram and the QQE MOD, which are both above zero.

You can purchase Lucky Block here. Buy LBLOCK