AUDUSD Price: Sellers May Gain More Momentum to Break Down $0.66 Support Level

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Sellers’ momentum may increase

AUDUSD Price Analysis – 19 April

Should buyers be successful in holding the $0.66 support level, AUDUSD may move over the $0.67, $0.68, and $0.70 resistance levels. The support level of $0.66 may be broken lower as sellers gain more traction, and the price may then drop due to the downward momentum to levels of $0.65 and $0.63.

AUD/USD Market

Key levels:

Resistance levels: $0.67, $0.68, $0.70

Support levels: $0.66, $0.65, $0.63

AUDUSD Long-term Trend: Ranging

AUDUSD is on a ranging movement in the daily chart. On March 7, the $0.65 level of support was tested. At the previous level, a bullish engulfing candle pattern is shown. This could indicate that market bulls are growing agitated. The price increased past the strong barrier at $0.66. When it breaks through the barrier, it moves upward toward the $0.67 resistance barrier. The sellers opposed the buyers and the price started moving between $0.67 and $0.66 levels.

Indicating a ranging trend, the currency pair is currently trading over and around the 9-period and 21-period exponential moving averages. Should buyers be successful in holding the $0.66 support level, AUDUSD may move over the $0.67, $0.68, and $0.70 resistance levels. The support level of $0.66 may be broken lower as sellers gain more traction, and the price may then drop due to the downward momentum to levels of $0.65 and $0.63.

AUDUSD medium-term Trend: Ranging

AUDUSD is ranging on the 4-hour chart. The price started a bullish trend few weeks ago, reaching and testing the $0.67 barrier level. The aforesaid level was held by sellers, and it now falls toward the previous low of $0.65. These days, purchasers stop vendors before they reach the market. Currently, the cost is dangling between $0.66 and $0.67 levels.

AUDUSD is trading around the 9-period and 21-period exponential moving averages. Relative Strength Index period 14 pointing down at 48 levels, indicating a sell signal.

You can purchase Lucky Block here. Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *