AUDUSD Price Retests $0.62 Zone Before Bullish Trend Continue

AUDUSD market under bulls’ control

AUDUSD Price Analysis – 29 January

The price may be increased to roughly $0.64 or even $0.65 if customers are motivated enough to go beyond the $0.63 hedge. Prices may lower to the $0.60 and $0.58 support scenarios if sellers are able to push the price below the $0.62 support position.

Key levels:

Resistance levels: $0.63, $0.64, $0.65

Support levels: $0.62, $0.60, $0.58

AUDUSD Long-term Trend: Bullish

The value of the AUDUSD is decreasing every day. On January 13, a large bullish candle appeared, indicating the beginning of a bullish trend for the currency brace. The price dropped by $0.60 as a result of the bears’ sweat. By the time deals started to fall, the price had dropped from the original estimate to $0.64. At $0.62, the AUDUSD price is now surpassing the threshold. A change is occurring in the $0.62 hedge. Last week, the request was withdrawn to test the $0.63 resistance position. The bulls’ vaticinator of a successful decline to $0.63 is supported by the existing circumstances.

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A buy forex signal is indicated when the histogram of the blue QQE MOD indicator rises over zero. If consumers are inclined to pay more than the $0.63 hedge, the price might be raised to about $0.64 or perhaps $0.65. If sellers are successful in pushing the market below the $0.62 support position, prices may drop to the $0.60 and $0.58 support levels. The request is considered bullish when the currency brace clears the Hull Suite forex signals index.

AUDUSD medium-term Trend: Bullish

The Australian bone’s 4-hour chart shows an increasing trend. The $0.62 hedge position held back the currency brace’s movement for over two weeks. The range of prices was $0.61 to $0.62. Last week, as the price started to go above the dynamic hedge position, more bullish candles burnt. On the chart, the 4-hour candle that closed above $0.62 last week looks to be favorable. However, the upward trend can continue if the prior mobility restriction is lifted.

.62 Zone Before Bullish Trend Continue" width="1281" height="573" data-lazy-src="https://learn2.trade/wp-content/uploads/2025/01/4-hours-87.png"/> The AUDUSD request might continue to rise, in my opinion. The QQE MOD and the red histogram both show a bright trend and are above zero.

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