AUDUSD Price May Decrease to $0.620 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.


AUDUSD bounces off $0.675 level

AUDUSD Price Analysis – 17 January

If sellers can hold the $0.660 resistance level, AUDUSD may fall to the support levels of $0.654, $0.620, and $0.610. If buyers can push past the $0.660 resistance level, pricing may tilt toward $0.666 and potentially even hit $0.675 as a result of their zeal.

Key levels:

Resistance levels: $0.660, $0.666, $0.675

Support levels: $0.654, $0.620, $0.610

AUDUSD Long-term Trend: Bearish

AUDUSD is falling as it can be seen in the daily chart. On November 14, a powerful bullish candle developed, signaling the beginning of a bullish trend for the currency pair. This increased in price of $0.65. The purchasers were able to proceed because the selling did not have sufficient momentum. As buying interest increased, the price surpassed $0.675. Buyer pressure eventually lifted the price to the $0.675 barrier level on December 28. The price is currently dropping and testing $0.654.

The currency pair’s drop below the Hull Suite indication indicates a negative market. The red histogram on the QQE MOD indicator indicates a sell signal when it is below the zero level. If sellers can hold the $0.660 resistance level, the price may fall to the support levels of $0.654 $0.620, and $0.610. If buyers can push past the $0.660 resistance level, pricing may tilt toward $0.666 and potentially even hit $0.675 as a result of their zeal.

AUDUSD medium-term Trend: Bearish

The 4-hour AUDUSD chart is showing a declining trend. The $0.687 resistance levels limited the movement of the currency pair for over three weeks. Every time the price challenged the mentioned support level at $0.66, a strong bearish candle emerged on the chart, indicating a negative trend. The AUDUSD broke through the $0.66 barrier and tested the $0.654 level. The price started to drop as sellers defended the previously mentioned level.

AUDUSD market will probably continue to decline. The red histogram and the QQE MOD are both below zero, indicating a bearish trend.

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 *