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.

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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.

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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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