AUDUSD Price Analysis – September 07
The closing of daily candle below $0.66 level by the bears may push the price to test the support levels of $0.65 and $0.64. Ability to break up the resistance level of $0.68 level may lead to price inclination towards the resistance level of $0.69, and $0.71.
AUD/USD Market
Key levels:
Resistance levels: $0.68, $0.69, $0.71
Support levels: $0.66, $0.65, $0.64
AUDUSD Long-term trend: Bearish
AUDUSD is bearish on the daily chart. Last week, the sellers still held unto Australlian dollar market. More bearish candles were produced, this led to deep bearish trend in the AUDUSD market. The price moved down towards the July low level at $0.66 support level. An increase in the Bears’ pressure led to further decrease in price to $0.66.
AUDUSD price retain its trading below the 9 periods EMA and 21 periods EMA which indicate that bears’ momentum is increasing. The relative strength index period 14 is at 34 levels and the signal lines pointing down displaying bearish direction. The closing of daily candle below $0.66 level by the bears may push the price to test the support levels of $0.65 and $0.64. Ability to break up the resistance level of $0.68 level may lead to price inclination towards the resistance level of $0.69, and $0.71.
AUDUSD medium-term Trend: Bearish
AUDUSD is bearish on the 4-hour chart. There was a bearish significant movement in the AUDUSD market last week; the price broke down the $0.68 level. However, Sellers still hold onto the market as more bearish candles were produced and the support level of $0.66 is tested.
AUDUSD is currently trading below the 9 periods EMA and 21 periods EMA as an indication of bearish momentum. The relative strength index period 14 is at 35 levels and the signal lines pointing up to indicate a buy signal.
You can purchase Lucky Block here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.