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.
Start using a world-class auto trading solution
You can purchase Lucky Block – Guide, Tips & Insights | Learn 2 Trade here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
