AUDUSD Price Bounces Up at $0.61 Point

Bulls are dominating AUDUSD market

AUDUSD Price Analysis – 22 January

The price may be increased to roughly $0.64 or even $0.65 if customers are motivated enough to go beyond the $0.63 hedge. Prices may lower to the $0.60 and $0.58 support scenarios if sellers are able to push the price below the $0.62 support position.

Key levels:

Resistance levels: $0.63, $0.64, $0.65

Support levels: $0.62, $0.60, $0.58

AUDUSD Long-term Trend: Bullish

On a daily basis, the value of the AUDUSD is inclining. A big bullish candle occurred on January 13, signaling the start of a bullish trend for the currency brace. The bears’ perspiration 0caused the price to decrease by $0.60. The price had fallen from the initial estimate to $0.64 by the time deals began to decline. The AUDUSD price is currently crossing the threshold at $0.62. There is a movement in the $0.62 hedge. In order to test the $0.63 resistance position, the request withdrew last week. The current conditions support the bulls’ vaticinator of a successful slide to $0.63.

When the blue QQE MOD index’s histogram rises above zero, it represents a buy forex signal. The price may be increased to roughly $0.64 or even $0.65 if customers are motivated enough to go beyond the $0.63 hedge. Prices may lower to the $0.60 and $0.58 support scenarios if sellers are able to push the price below the $0.62 support position. When the currency brace clears the Hull Suite forex signals index, the request is deemed bullish.

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 $0.61 hedge 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 last week closed above $0.62 appears to be positive on the chart. However, if the previous mobility restriction is removed, the increasing trend may persist.

I think the AUDUSD request may keep inclining. Both the red histogram and the QQE MOD are above zero and exhibit a bright trend.

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