AUDUSD Price: Upward Trend May continue Above $0.62

Buyers dominate AUDUSD market

AUDUSD Price Analysis – 05 February

If consumers are inclined to pay further than the $0.62 barricade, AUDUSD might be raised to about $0.63 or maybe $0.64. If merchandisers are successful in pushing the request below the $0.60 support position, prices may drop to the $0.60 and $0.58 support situations.

Key levels:

Resistance levels: $0.62, $0.63, $0.64

Support levels: $0.60, $0.58, $0.56

AUDUSD Long-term Trend: Bullish

The value of the AUDUSD is increasing every day. On January 13, a large bullish candle appeared, indicating the morning 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 being in the $0.62 barricade. Last week, the request was supported to test the$ 0.63 resistance position. The bulls’ vaticinator of a successful incline to $0.63 is supported by the being circumstances.

.62" width="1281" height="573" data-lazy-src="https://learn2.trade/wp-content/uploads/2025/02/Daily-12.png"/> A strong buy forex signal is indicated when the histogram of the blue QQE MOD index rises over zero. If consumers are inclined to pay further than the $0.62 barricade, the price might be raised to about $0.63 or maybe $0.64. If merchandisers are successful in pushing the request below the $0.60 support position, prices may drop to the $0.60 and $0.58 support situations. The request is considered bullish when the currency brace clears the Hull Suite forex signals indicator.

AUDUSD medium-term Trend: Bullish

The Australian bone’s 4- hour chart shows an adding trend. The $0.62 barricade 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 barricade position, more bullish candles burnt. On the map, the 4-hour candle that closed over $0.62 last week looks to be favorable. Still, the upward trend can continue if the previous mobility restriction is lifted.

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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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