AUDUSD Price May Continue a Bullish Trend
Login

AUDUSD Price May Continue a Bullish Trend

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.
s

Azeez Mustapha

Updated:

Buyers’ pressure doubled

AUDUSD Price Analysis – 21 January

The price may increase to about $0.68 or possibly $0.69 if buyers are willing to spend more than the $0.67 hedging level. The market may return to the $0.65 and $0.64 support levels, though, if sellers are able to drive the price below the $0.66 support level.

Key levels:

Resistance levels: $0.67, $0.68, $0.69

Support levels: $0.66, $0.65, $0.64

AUDUSD Long-term Trend: Bullish

After falling below $0.64 and then rising again, the AUDUSD pair has been rising steadily. An inclination began on November 23 when an inverted Head and Shoulder pattern appeared. Bullish pressure caused the price to shift to $0.66. The price rose to $0.65, where the bulls maintained control, as the selling pressure subsided. Right now, the AUDUSD pair is back at $0.67. The support level of $0.65 has been modified. Last week, the price tested the $0.66 mark. Given the state of the market, bulls anticipate a significant increase to $0.67.

AUDUSD Price May Continue a Bullish Trend

The histogram of the blue QQE MOD indicator climbs above zero, indicating a possible opportunity to buy forex. The price may increase to about $0.68 or possibly $0.69 if buyers are willing to spend more than the $0.67 hedging level.

Model entry for the H4 CRT series. Still moving, though

The market may return to the $0.65 and $0.64 support levels, though, if sellers are able to drive the price below the $0.66 support level. The signal is considered positive if the currency pair rises over the Hull Suite forex signals index.

AUDUSD medium-term Trend: Bullish

The Australian dollar is trending upward on the 4-hour chart. For over two days, the currency pair’s movement was governed by the $0.67 hedge level. The costs ranged from $0.67 to $0.66. The bullish candles grew larger this week as the price began to surge above the dynamic hedge level. Last week, the 4-hour candle that closed above $0.66 seemed unstable. If the prior resistance is broken, the upswing might continue.

AUDUSD Price May Continue a Bullish Trend I think there may be more demand for AUDUSD. The blue histogram and the QQE MOD both show a distinct rising trend and are above zero.

Start using a world-class auto trading solution

You can purchase Lucky Block here. Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News