AUDUSD Price May Surpass $0.66 Level

Bulls are ruling world of AUDUSD

AUDUSD Price Analysis – 14 August

Buyers who are determined enough to break through the $0.66 barrier may be able to push the price up to approximately $0.67 or even $0.68. If sellers are successful in driving the price below the $0.65 support level, AUDUSD may drop to the $0.64 and $0.63 support levels.

Key levels:

Resistance levels: $0.66, $0.67, $0.68

Support levels: $0.65, $0.64, $0.63

AUDUSD Long-term Trend: Bullish

On the daily chart, the AUDUSD is increasing in value. The start of a bullish trend for the currency pair was indicated by a sizable bullish candle that emerged on August 5. The bears’ efforts resulted in a $0.63 drop in pricing. The price was reduced from the first quoted figure to $0.62 when sales began to fall. The price of AUDUSD surpasses the $0.64 support level. The $0.65 barrier is currently being broken. The current state of the market supports yesterday’s rally call issued by the bulls.

A buy forex signal is displayed when the blue QQE MOD indicator histogram is above the zero level. Buyers who are determined enough to break through the $0.66 barrier may be able to push the price up to approximately $0.67 or even $0.68. If sellers are successful in driving the price below the $0.65 support level, prices may drop to the $0.64 and $0.63 support levels. The market is deemed bullish when the currency pair clears the Hull Suite forex signals indicator.

AUDUSD medium-term Trend: Bullish

The Australian dollar’s 4-hour chart shows an increasing trend. The $0.63 barrier level restrained the movement of the currency pair for over a week. There was a $0.64 to $0.65 pricing range. As the price started to rise over the dynamic barrier level, more bullish candles burned. On the chart, the 4-hour candle that closed at $0.65 yesterday seems optimistic. If the previous ceiling is exceeded, the rising trend may continue.

I believe that the AUDUSD market may continue to incline. A positive trend can be seen in both the blue histogram and the QQE MOD, which are both above zero.

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