AUDUSD Price May Break Up $0.67 Resistance Level

Bulls continue to dominate AUDUSD market

AUDUSD Price Analysis – 21 August

It might be possible for buyers who are persistent enough to overcome the $0.67 barrier to raise the price to roughly $0.68 or even $0.69. AUSUSD may fall to the $0.65 and $0.64 support levels if sellers are successful in pushing the price below the $0.66 support level. When the currency pair clears the Hull Suite forex signals indicator, the market is considered bullish

Key levels:

Resistance levels: $0.67, $0.68, $0.69

Support levels: $0.66, $0.65, $0.64

AUDUSD Long-term Trend: Bullish

The value of the AUDUSD is rising on the daily chart. A large bullish candle that appeared on August 5 signaled the beginning of a bullish trend for the currency pair. The bulls’ efforts caused the price to incline by $0.66. When sales started to incline, the price was high from the first quoted amount to $0.62$0.67. The AUDUSD price is above the $0.66 support level. Right now, the $0.66 barrier is being broken. The bulls’ rally call from yesterday is supported by the state of the market.

When the blue QQE MOD indicator histogram is above the zero level, a buy forex signal is shown. It might be possible for buyers who are persistent enough to overcome the $0.67 barrier to raise the price to roughly $0.68 or even $0.69. Prices may fall to the $0.65 and $0.64 support levels if sellers are successful in pushing the price below the $0.66 support level. When the currency pair clears the Hull Suite forex signals indicator, the market is considered bullish.

AUDUSD medium-term Trend: Bullish

 

The 4-hour chart of the Australian dollar indicates an upward trend. For more than a week, the $0.63 barrier level limited the movement of the currency pair. The price range was $0.64 to $0.65. Further bullish candles burned as the price began to soar above the dynamic barrier level. The 4-hour candle that closed at $0.65 last week appears hopeful on the chart. The increasing tendency might continue if the prior ceiling is surpassed.

The AUDUSD market might continue to rise, in my opinion. Both the blue histogram and the QQE MOD, which are both above zero, show a positive trend.

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