AUDUSD Price: Sellers Intensify Pressure

Price may decrease further

AUDUSD Price Analysis – 19 November

The price could increase to roughly $0.66 or even $0.67 if buyers are willing to pay more than the $0.65 hedge. Prices may fall to the $0.63 and $0.62 support levels if sellers are able to push the market below the $0.64 support position.

Key levels:

Resistance levels: $0.65, $0.66, $0.67

Support levels: $0.64, $0.63, $0.62

AUDUSD Long-term Trend: Bearish

After testing the $0.67 barrier and then bouncing off, the AUDUSD value progressively decreased. When the currency brace started to drop on September 12, a Head and Shoulder chart pattern appeared. The bears’ perspiration caused the price to plummet to $0.65. As bears defended the previously set level, the price had already dropped from the initial estimate to $0.64 by the time transactions started to fail. At $0.64, the AUDUSD price reaches the cutoff. The $0.63 hedge has been revised. This week, the price put the $0.64 support level to the test. The bears’ forecast of a sharp decrease to $0.64 is supported by the existing circumstances.

When the histogram of the red QQE MOD indicator flips below zero, it indicates a sell forex signal. The price could increase to roughly $0.66 or even $0.67 if buyers are willing to pay more than the $0.65 hedge. Prices may fall to the $0.63 and $0.62 support levels if sellers are able to push the market below the $0.64 support position. The request is considered bearish when the currency brace clears the Hull Suite forex signals index lower.

AUDUSD medium-term Trend: Bearish

The 4-hour chart of the Australian bone displays a downward trend. For more than two days, the currency brace’s movement was managed by the $0.67 hedging position. The costs ranged from $0.67 to $0.66. More bearish candles burned this week as the price began to surge below the dynamic hedge position. The 4-hour candle that ended below $0.65 the week before appeared erratic on the chart. However, the decrease might continue if the prior mobility restriction is lifted.

The AUDUSD request may continue to fall, in my opinion. Both the red histogram and the QQE MOD exhibit a clear falling trend and are below zero.

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