AUDUSD Is Recovering off the 0.69980 Support Level

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 – December 30

AUDUSD is recovering off a major support level at 0.69980. The price is now recovering from bearish bouts that were sustained as the market plummeted from a high-level resistance at 0.75480. Rejection at that level ensures a 7.30% price drop to the 0.69980 significant level on the 3rd of December. Bears have now exhausted their strength, giving bulls a free run to influence the market.

AUDUSD Major Levels

Resistance Levels: 0.72660, 0.73250, 0.75480
Support Levels: 0.69980, 0.70960, 0.71780

AUDUSD Is Recovering off the 0.69980 Support LevelAUDUSD Long Term Trend: Bullish

Market buyers are seen to clean up after the bears. The price was being forced by the bulls to maintain an uptrend. Bears, however, kept crashing the market against the uptrend line till it finally breaks past it and passed more major levels. The 0.69980 price level, however, remains strong enough to halt the price fall. AUDUSD is now recovering off this price level.

The market’s move higher is rather gradual. This is because bearish forces are still at work in the market. The price rose first above 0.70960, where it accumulated for a short while. Thereafter, AUDUSD pushes from that level to above 0.71780, where the market is now stalling before it continues its advance. A long line of Parabolic SAR (Stop and Reverse) dots can be seen below the daily candle to confirm market bullishness.

AUDUSD Is Recovering off the 0.69980 Support LevelAUDUSD Short Term Trend: Bullish

On the 4-hour chart, the price is stalling below the 0.72660 price level. The Parabolic SAR, just like on the daily chart, signifies bullishness with dots below the 4-hour candles. The Stochastic Oscillator is approaching overbought, but there could be a pullback to enable the price to break beyond the current level. Buyers will be looking to break all resistance to reinstate the market back to the uptrend line.

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 *