AUDUSD Price May Surpass $0.67 Level

Azeez Mustapha

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Bulls’ momentum increase

AUDUSD Price Analysis – 03 July

Buyers may be able to increase the price to roughly $0.68 or possibly $0.69 if they are persistent enough to break through the $0.67 barrier.  Prices may drop to the $0.65 and $0.64 support levels if sellers are successful in pushing the price below the $0.66 support level.

Key levels:

Resistance levels: $0.67, $0.68, $0.69

Support levels: $0.66, $0.65, $0.64

AUDUSD Long-term Trend: Bullish

AUDUSD value exhibits an inclination on the daily chart. A sizable bullish candle that emerged on March 6 indicated the start of a bullish trend for the currency pair. The bulls’ efforts resulted in a $0.66 gain in price. The price was reduced from the first quoted figure to $0.62 when sales began to fall. The AUDUSD crosses over the resistance level of $0.65. It is still inclining and approaching $0.67 quite near. The way the market has performed so far supports the bulls’ call for a rally from yesterday.

AUDUSD Price May Surpass $0.67 Level

The market is viewed as bullish when the currency pair clears the Hull Suite forex signals indicator. When the blue QQE MOD indicator histogram is above the zero level, a buy forex signal is shown. Buyers may be able to increase the price to roughly $0.68 or possibly $0.69 if they are persistent enough to break through the $0.67 barrier.  Prices may drop to the $0.65 and $0.64 support levels if sellers are successful in pushing the price below the $0.66 support level.

AUDUSD medium-term Trend: Bullish

The Australian dollar’s 4-hour chart shows an increasing trend. The $0.66 barrier level restrained the currency pair’s movement for over three weeks. Prices range from $0.66 to $0.65 levels. 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 $0.66 yesterday looks healthy. If the prior level is exceeded, the trend of inclination may continue.

AUDUSD Price May Surpass $0.67 LevelAUDUSD market might rise further, in my opinion. A positive trend can be seen in both the blue histogram and the QQE MOD, which are both above zero.

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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.

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