AUDUSD Price: A Bullish Reversal Chart Pattern at $0.61 Level   

Double bottom chart pattern in AUDUSD market

AUDUSD Price Analysis – 12 February

AUDUSD may be increased to roughly $0.64 or even $0.65 if buyers are willing to pay more than the $0.63 hedge. Prices may fall to the $0.60 and $0.58 support levels if sellers are able to force the market below the $0.62 support position.

Key levels:

Resistance levels: $0.62, $0.63, $0.64

Support levels: $0.60, $0.58, $0.57

AUDUSD Long-term Trend: Bullish

Every day, the AUDUSD’s value inclines. The start of a positive trend for the currency brace was signaled by the appearance of a double bottom chart pattern on January 13. The bears’ sweat caused the price to decrease by $0.60. The price had fallen from the initial estimate to $0.64 by the time deals began to fall. The AUDUSD price is currently above the threshold at $0.60. The $0.62 hedge is undergoing a makeover. The request to test the $0.63 resistance position was dropped last week. The current situation supports the bulls’ vaticinator of a successful slide to $0.63.

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When the blue QQE MOD indicator’s histogram rises above zero, it indicates a buy forex signal. The price may be increased to roughly $0.64 or even $0.65 if buyers are willing to pay more than the $0.63 hedge. Prices may fall to the $0.60 and $0.58 support levels if sellers are able to force the market below the $0.62 support position. The request is considered bullish when the currency brace clears the Hull Suite forex signals index.

AUDUSD medium-term Trend: Bullish

The 4-hour chart of the Australian bone indicates an upward trend. For more than two weeks, the currency brace’s movement was restrained by the $0.62 hedging position. Prices ranged from $0.61 to $0.62. More bullish candles burned last week as the price began to rise above the dynamic hedge position. The 4-hour candle that finished above $0.62 last week appears to be good on the chart. However, if the previous mobility constraint is removed, the rising tendency can continue.

.61 Level" width="1281" height="573" data-lazy-src="https://learn2.trade/wp-content/uploads/2025/02/4-hours-29.png"/> I believe that the AUDUSD request may keep rising. Both the blue histogram and the QQE MOD are above zero and exhibit a sharp trend.

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