AUDUSD Encounters a Setback to Its Upward Recovery

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



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

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


The L2T Algo provides highly profitable signals with minimal risk.


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


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


79% Success rate. Our outcomes will excite you.


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


Monthly subscriptions begin at £58.

AUDUSD Price Analysis – January 6

AUDUSD encounters a setback as it strives to regain lost ground. Since dropping to the 0.69980 significant level, the price has immediately rebounded, pushing through the key levels with much effort. However, AUDUSD now encounters a setback at the 0.72660 resistance with depleted strength. Therefore, liquidity has dropped even beyond the next significant level. The price still has a chance if it recovers from the setback early, else it could all go south for the market.

AUDUSD Significant Levels

Resistance Levels: 0.73250, 0.72660
Support Levels: 0.71780, 0.70960

AUDUSD Encounters a Setback to Its Upward RecoveryAUDUSD Long Term Trend: Bullish

From late last year, AUDUSD has been pushing up a trendline, though with downward forces intercepting at intervals, the market remains on the rise. However, on the 19th of November, the market’s rise broke down, and this led to a serious dip in price. AUDUSD plummeted below the uptrend line and broke several key levels to get to the 0.69980 support level. The market then restarted its climb from there.

A three-white-soldier candlestick pattern was therefore employed to restart the market’s ascension. The price got to 0.71780 and entered into consolidation with 0.70960 as the support level. Thereafter, the price breaks upward and encounters another resistance at 0.72660. Another ranging phase commenced, but AUDUSD is weaker at this level and dropped downward. The RSI (Relative Strength Index) shows a drop in market strength as its line also drops below the 50 mark.

AUDUSD Encounters a Setback to Its Upward RecoveryAUDUSD Short Term Trend: Bearish

In dropping below the 0.72660 resistance level, the market has dropped below the MA period 100 on the 4-hours chart. Moreso, the RSI indicator in the same time frame is very close to the oversold bolder. This shows the extent to which the upward impetus of the market has dropped, but it also signifies that we might be expecting an upturn again in price. If this happens, the market will likely recover and charge through the 0.72660 resistance to get to 0.73250.

You can purchase crypto coins here: Buy coins

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

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 *