Buyers may dominate AUDUSD market
AUDUSD Price Analysis – 06 March
Buyers may be able to drive the price up to approximately $0.66 or possibly $0.67 if they are persistent enough to overcome the $0.65 barrier. AUDUSD may drop to the $0.63 and $0.62 support levels if sellers are successful in pushing the price below the $0.64 support level.
Key levels:
Resistance levels: $0.65, $0.66, $0.67
Support levels: $0.64, $0.63, $0.62
AUDUSD Long-term Trend: Bullish
The AUDUSD value is going higher, according to the daily chart. A sizable bullish candle that formed on 15 February indicated that the currency pair was entering a bullish trend. The price decreased by $0.63 as a result of bears’ prssure. The price dropped to $0.63 as sales picked up steam. AUDUSD ran a resistance level test at $0.66. It retreated on February 22 to test the $0.64 level. The price is currently rising to its prior high of $0.66.
A bullish market is indicated when the currency pair rises above the Hull Suite forex signals indicator. When the QQE MOD indicator’s blue histogram is above the zero level, a buy forex signal is shown. Buyers may be able to drive the price up to approximately $0.66 or possibly $0.67 if they are persistent enough to overcome the $0.65 barrier. The price may drop to the $0.63 and $0.62 support levels if sellers are successful in pushing the price below the $0.64 support level.
AUDUSD medium-term Trend: Bullish
The 4-hour chart of the Australian dollar indicates an upward trend. For more than three weeks, the currency pair’s movement was constrained by the $0.65 resistance level. The range of prices is $0.64 to $0.63. The chart displayed a bullish candle today, and the 4-hour candle ended below $0.65. If the previously defined level is broken, an upward trend is established.
I think there’s a chance that the AUDUSD market will keep moving up. A bullish trend is shown by the blue histogram and the QQE MOD, both of which are above zero.
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.