Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Bullish reversal momentum envisaged in AUDUSD market
AUDUSD Price Analysis – 20 September
The price may rise to the $0.65, $0.66, and $0.67 resistance levels if buyers are successful in holding the $0.64 support level. When sellers get more momentum, the support level of $0.64 might be broken lower, and the price might then decrease as a result of the downward momentum to levels of $0.63 and $0.62
AUD/USD Market
Key levels:
Resistance levels: $0.65, $0.66, $0.67
Support levels: $0.64, $0.63, $0.62
AUDUSD Long-term Trend: Bullish
AUDUSD is on a bullish movement in daily chart. The currency pair tested the $0.63 support level twice. Expected to reverse bullishly. On August 17, the currency pair attempted to cross the $0.63 support level. Two tests have been conducted on the aforementioned level. A second transaction happened on September 07. Off of the previously indicated sturdy barrier level, the price returned. A strong daily bullish candle that crossed over the $0.64 resistance level and currently facing the $0.65 level resulted in a double bottom chart pattern.
AUDUSD currency pair’s 9-period and 21-period exponential moving averages are now trading above them. The Relative Strength Index’s period 14 signal lines are pointing upward at levels of 53. AUDUSD may rise to the $0.65, $0.66, and $0.67 resistance levels if buyers are successful in holding the $0.64 support level. When sellers get more momentum, the support level of $0.64 might be broken lower, and the price might then decrease as a result of the downward momentum to levels of $0.63 and $0.62.
AUDUSD medium-term Trend: Bullish
On the 4-hour chart, AUDUSD is bullish. Due to the downward trend, the price had to test the $0.63 barrier level on August 17. It backed off in an effort to keep the designated support. The following week, as a result of increased seller pressure, the price dropped to a low of $0.63.
The double bottom chart pattern is the result of this situation. The price is currently rising significantly as more bullish candles form, possibly reaching its all-time high of $0.65 and above.
The 9-period and 21-period exponential moving averages‘ little price outperformance at this point suggests a bullish market.
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