When buyers push harder, price will go higher
AUDUSD Price Analysis – 30 April
If purchasers are ready to pay more than the $0.64 hedge, the price might be raised to about $0.65 or possibly $0.66. If sellers can push the market below the $0.63 support position, prices can drop to the $0.62 and $0.61 support levels.
Key levels:
Resistance levels: $0.64, $0.65, $0.66
Support levels: $0.63, $0.62, $0.61
AUDUSD Long-term Trend: Bullish
The value of the AUDUSD increases daily. On March 18, a double top chart pattern emerged as the currency brace began to decline. The price fell to $0.60 as a result of the bears’ sweat. By the time transactions started to collapse, the price had dropped from the original estimate to $0.60. At $0.59, the AUDUSD price surpasses the cutoff. An update is being made to the $0.63 hedge. This week, the $0.63 resistance level is still being examined. The bulls’ prediction of a successful rise to $0.65 is supported by the existing circumstances.
A buy forex signal is indicated when the histogram of the blue QQE MOD indicator drops above zero. If purchasers are ready to pay more than the $0.64 hedge, the price might be raised to about $0.65 or possibly $0.66. If sellers can push the market below the $0.63 support position, prices can drop to the $0.62 and $0.61 support levels. When the currency brace clears the Hull Suite forex signals index, the request is deemed bullish.
AUDUSD medium-term Trend: Bullish
The Australian bone’s 4-hour chart shows an increasing trend. The $0.61 hedging position held back the currency brace’s movement for over two days. The range of prices was $0.59 to $0.61. This week, as the price started to rise above the dynamic hedge position, more bullish candles burnt. On the chart, the 4-hour candle that closed above $0.63 the previous week looked unstable. However, the rising trend can continue if the prior mobility restriction is lifted.
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