AUDUSD Price: Buyers’ Sweat Cause Price to Increase

Bulls momentum increase in AUDUSD market

AUDUSD Price Analysis – 12 March

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 $0.61 and $0.60 support levels if sellers are able to drive the market below the $0.62 support position.

Key levels:

Resistance levels: $0.63, $0.64, $0.65

Support levels: $0.62, $0.61, $0.60

AUDUSD Long-term Trend: Bullish

Every day, the AUDUSD’s value increases. The currency brace was starting to increase on January 13 when a double bottom chart pattern appeared. 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 price of the AUDUSD is currently over the cutoff at $0.60. The $0.62 hedge is undergoing an update. The request to test the $0.63 resistance position was dropped last week. The current situation supports the bulls’ vaticinator of a victorious rise to $0.63.

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 $0.61 and $0.60 support levels if sellers are able to drive 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 bearish candles burned last week as the price began to decline below the dynamic hedge position. The 4-hour candle that closed below $0.63 last week seems erratic on the chart. However, if the previous mobility restriction is removed, the upward tendency may continue.

The AUDUSD request may keep inclining, in my opinion. Both the blue histogram and the QQE MOD are above zero and exhibit a significant upward trend.

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