AUDUSD Price May Decrease Further Below $0.66 Level

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Bears’ pressure increase in AUDUSD market

AUDUSD Price Analysis – 10 January

AUDUSD may drop to the support levels of $0.66, $0.65, and $0.64 if sellers can hold the $0.67 resistance level. Buyer fervor might lead price to tilt toward $0.68 and possibly even reach $0.69 if they can push above the resistance level of $0.67.

Key levels:

Resistance levels: $0.67, $0.68, $0.69

Support levels: $0.66, $0.65, $0.64

AUDUSD Long-term Trend: Bearish

The daily chart shows that the AUDUSD is declining. The currency pair started a bullish trend on November 14 when a strong bullish candle formed. The price increased to $0.65 as a result. Because there was not enough momentum in the selling, the buyers could move forward. When buying interest grew, the price broke through the $0.67 mark. On December 28, buyers eventually drove the price up to the $0.68 resistance level. Right now, the price is declining testing $0.66.

A negative market is indicated by the currency pair’s decline below the Hull Suite indicator. The QQE MOD indicator is below zero level with red histogram indicating sell signal. The price may drop to the support levels of $0.66, $0.65, and $0.64 if sellers can hold the $0.67 resistance level. Buyer fervor might lead the price to tilt toward $0.68 and possibly even reach $0.69 if they can push above the resistance level of $0.67.

AUDUSD medium-term Trend: Bearish

There is a downward trend visible on the 4-hour AUDUSD chart. For more than three weeks, the currency pair’s movement was constrained by the $0.65 support levels. A double bottom pattern appeared on the chart each time the price tested the expected support level at $0.65, suggesting a positive trend. The $0.66 barrier was broken by AUDUSD, and the $0.68 level was put to the test. Sellers defended the previously stated level, and the price began to decline.

AUDUSD market is most likely going to keep moving down. The QQE MOD is below zero level and the red histogram indicating a bearish movement.

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
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • 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

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *