AUDUSD Price May Surpass $0.68 Resistance Level

Buyers are dominating AUDUSD market

AUDUSD Price Analysis – 28 August

Customers that are determined enough to push past the $0.68 barrier may be able to increase the price to about $0.69 or perhaps $0.70. If sellers are successful in driving Cardano below the $0.67 support level, prices could drop to the $0.66 and $0.65 support levels.

Key levels:

Resistance levels: $0.68, $0.69, $0.70

Support levels: $0.67, $0.66, $0.65

AUDUSD Long-term Trend: Bullish

On the daily chart, the AUDUSD is getting more valuable. The start of a bullish trend for the currency pair was indicated by a sizable bullish candle that emerged on August 5. The bulls’ efforts resulted in a $0.66 rise in price. The price had increased from the first quoted figure to $0.67 when sales began to incline. The price of AUDUSD is above the support barrier at $0.67. The $0.67 barrier is currently being broken. The situation of the market validates yesterday’s rally call from the bulls.

A buy forex signals is displayed when the blue QQE MOD indicator histogram is above the zero level. Customers that are determined enough to push past the $0.68 barrier may be able to increase the price to about $0.69 or perhaps $0.70. If sellers are successful in driving the price below the $0.67 support level, prices could drop to the $0.66 and $0.65 support levels. The market is regarded as 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 ended at $0.66 last week seems encouraging. If the previous ceiling is exceeded, the growing tendency can persist.

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

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