AUDUSD Price: Sellers May Continue Dominating Market

Further price decrease envisaged

AUDUSD Price Analysis – 26 November

If sellers are successful in driving the market below the $0.64 support position, prices may drop to the $0.63 and $0.62 support levels. When the currency brace clears the Hull Suite forex signals index lower, the request is deemed bearish.

Key levels:

Resistance levels: $0.65, $0.66, $0.67

Support levels: $0.64, $0.63, $0.62

AUDUSD Long-term Trend: Bearish

The AUDUSD value gradually dropped after testing the $0.67 barrier and then bouncing off. A Head and Shoulder chart pattern emerged on September 12 as the currency brace began to decline. The price fell to $0.65 as a result of the bears’ perspiration. By the time transactions began to fail, the price had already fallen from the initial estimate to $0.64 as bears defended the previously established level. The AUDUSD price hits the cutoff at $0.64. A revision has been made to the $0.63 hedge. The price tested the $0.64 support level this week. The current situation supports the bears’ prediction of a steep decline to $0.64.

A sell forex signal is indicated when the red QQE MOD indicator’s histogram flips below zero. If purchasers are prepared to pay more than the $0.65 hedge, the price may rise to about $0.66 or possibly $0.67. If sellers are successful in driving the market below the $0.64 support position, prices may drop to the $0.63 and $0.62 support levels. When the currency brace clears the Hull Suite forex signals index lower, the request is deemed bearish.

AUDUSD medium-term Trend: Bearish

The Australian bone’s 4-hour chart shows a declining trend. The $0.67 hedging position controlled the movement of the currency brace for over two days. The prices were between $0.67 and $0.66. This week, as the price started to rise below the dynamic hedge position, more bearish candles burnt. On the chart, the 4-hour candle that closed below $0.65 the previous week looked unstable. However, if the previous mobility limitation is removed, the decline may persist.

I think the AUDUSD request might keep declining. The QQE MOD and the red histogram both show a distinct downward trend and are below zero.

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