AUDUSD Price May Break Up $0.66 Level

Bulls are exerting more pressure

AUDUSD Price Analysis – 10 December

If purchasers are prepared to pay more than the $0.66 hedge, the price may rise to about $0.67 or possibly $0.68. Prices might fall to the $0.64 and $0.63 support levels if sellers are able to push the market below the $0.65 support position. When the currency brace clears the Hull Suite forex signals index higher, the request is deemed bullish.

Key levels:

Resistance levels: $0.66, $0.67, $0.68

Support levels: $0.65, $0.64, $0.63

AUDUSD Long-term Trend: Bullish

The AUDUSD value is gradually rising after testing the $0.64 barrier and then rising again. A Head and Shoulder chart pattern emerged on September 12 as the currency brace began to decline. The price dropped to $0.65 because to the bears’ perspiration. By the time transactions began to fail, the price had already fallen from the initial estimate to $0.64 as bears defended the previously established level. The AUDUSD price hits the cutoff at $0.64. The $0.65 hedge has been modified. The price tested the $0.65 barrier level last week. The current situation supports the bulls’ prediction of a rapid rise to $0.66.

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When the histogram of the blue QQE MOD indicator flips above zero, it indicates a buy forex signal. If purchasers are prepared to pay more than the $0.66 hedge, the price may rise to about $0.67 or possibly $0.68. Prices might fall to the $0.64 and $0.63 support levels if sellers are able to push the market below the $0.65 support position. When the currency brace clears the Hull Suite forex signals index higher, the request is deemed bullish.

AUDUSD medium-term Trend: Bullish

The Australian bone’s 4-hour chart shows an inclining trend. The $0.67 hedging position controlled the movement of the currency brace for over two days. The prices were between $0.67 and $0.66. This week, as the price started to increase above the dynamic hedge position, more bullish candles burnt. On the chart, the 4-hour candle that closed above $0.65 the previous week looked erratic. The incline might continue, though, if the prior movement restriction is removed.

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The AUDUSD request may continue to incline, in my opinion. The QQE MOD and the blue histogram both show a distinct upward trend and are below zero.

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