After Holding on to Early Gains AUDUSD Is Bolstered by 0.6865 Level

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.

AUDUSD Price Analysis – December 19

AUDUSD buyers are setting a shorter upward bias but may run into trouble when the price approaches the key barrier again. After reaching a daily high of 0.6884 level, the pair entered the consolidation phase and last traded at 0.6868 level, adding 0.3% on the daily.

Key Levels
Resistance Levels: 0.7085, 0.7013, 0.6955
Support Levels: 0.6838, 0.6754, 0.6670

AUDUSD Long term Trend: Bullish

The breakout occurred through the upper zone of the horizontal pattern during the Asian trading session. Given the breakthrough, the AUDUSD currency pair may continue to grow today. The potential target may be in the area of the level at 0.6938.

Although technical indicators suggest that bear traders can control the exchange rate during the next trading session.

AUDUSD Short term Trend: Bullish

AUDUSD recovered after reaching the level at 0.6838 but remained intact below the resistance level of the level at 0.6938. Intraday bias stays impartial initially. At the moment, further rallies may continue in favor, while holding at the level of 0.6838.

On the other hand, overcoming the level of 0.6938 may reflect a bounce from the level of 0.6670 to 100%, and the level of 0.6670 – 0.6929 from 0.6754 at the level of 0.7013. Meanwhile, breaking through the 0.6838 level may change the bias back to the support level at 0.6754.

Instrument: AUDUSD
Order: Buy
Entry price: 0.6865
Stop: 0.6803
Target: 0.7013

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *