AUDUSD Price Crossed Over Resistance Level at $0.68

Buyers are controlling AUDUSD market

AUDUSD Price Analysis – 25 September

Customers may be able to lower AUDUSD to roughly $0.65 or even $0.64 if they are persistent enough to get through the $0.66 barrier. Prices may rise to the $0.68 and $0.69 resistance levels if buyers are able to push the price over the $0.67 resistance level.

Key levels:

Resistance levels: $0.69, $0.70, $0.71

Support levels: $0.68, $0.67, $0.66

AUDUSD Long-term Trend: Bullish

On the daily chart, AUDUSD value is inclining. The start of a bullish trend for the currency pair was indicated by a sizable bullish candle that emerged on August 5. The bulls’ efforts resulted in a $0.66 gain in the price. The price had increased from the initial estimate to $0.67 when sales began to drop. The price of the AUDUSD crossed over the resistance level at $0.68. The $0.68 barrier did not yield. The market retreated last week in order to test the $0.66 support level. The current situation is consistent with the bulls’ forecast of a successful rise towards the $0.69 level.

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A buy forex signal is displayed when the blue QQE MOD indicator histogram is above the zero level. If customers are determined enough to break through the $0.68 barrier, they could be able to reduce the price to about $0.70 or possibly $0.71. If buyers are successful in pushing the price above the $0.69 resistance level, prices can move up to the $0.70 and $0.71 resistance levels. The market is regarded as bullish when the currency pair clears the Hull Suite forex signals indicator.

AUDUSD medium-term Trend: Bullish

The Australian dollar’s 4-hour chart shows an increasing trend. The $0.68 barrier level restrained the movement of the currency pair for over a week. There was a $0.68 to $0.67 pricing range. As the price started to decline below the dynamic barrier level last week, more bearish candles burned. On the chart, the 4-hour candle that closed at $0.67 last week seems optimistic. The previous level of resistance was overcame, the trend toward higher movement might continue.

.68" width="580" height="259" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/09/4-hours-63-1024x458.png"/> The AUDUSD market might keep moving higher, in my opinion. A positive trend can be seen in both the blue histogram and the QQE MOD, which are both above zero.

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