AUDUSD Price May Continue Bullish After a Pullback

AUDUSD market may rise this week

AUDUSD Price Analysis – 13 August

If purchasers are ready to pay more than the $0.65 hedge, the price might be raised to about $0.66 or perhaps $0.67. If sellers can push the market below the $0.64 support position, prices can drop to the $0.63 and $0.62 support levels. When the currency brace clears the Hull Suite forex signals index downward, the request is deemed bearish.

Key levels:

Resistance levels: $0.65, $0.66, $0.67

Support levels: $0.64, $0.63, $0.62

AUDUSD Long-term Trend: Bearish

The value of the AUDUSD drops daily after testing the $0.65 threshold. On April 9, when the currency brace began to increase, a triple bottom chart pattern emerged. The price increased to $0.65 as a result of the bulls’ sweat. The price had dropped from the initial estimate to $0.64 by the time transactions began to fail. The AUDUSD price hits the cutoff at $0.64. There has been an update on the $0.63 hedge. The $0.63 support level is still being looked at this week. The bears’ forecast of a sharp drop to $0.64 is supported by the existing circumstances.

A sell forex signal is indicated when the histogram of the red QQE MOD indicator falls below zero. If purchasers are ready to pay more than the $0.65 hedge, the price might be raised to about $0.66 or perhaps $0.67. If sellers can push the market below the $0.64 support position, prices can drop to the $0.63 and $0.62 support levels. When the currency brace clears the Hull Suite forex signals index downward, the request is deemed bearish.

AUDUSD medium-term Trend: Bearish

The Australian bone’s 4-hour chart shows an increasing trend. The $0.61 hedging position held back the currency brace’s movement for over two days. The range of prices was $0.61 to $0.62. This week, as the price started to fall below the dynamic hedge position, more bearish candles burnt. On the chart, the 4-hour candle that closed below $0.65 the previous week looked unstable. However, if the previous movement restriction is removed, the increasing declination might continue.

I think the AUDUSD request might keep declining. The QQE MOD and the red histogram both show a distinct downward trend and are below zero.

Start using a world-class auto trading solution

You can purchase Lucky Block here. Buy LBLOCK