AUDUSD Price: Will There Be a Reversal at $0.670 Level?
Login

AUDUSD Price: Will There Be a Reversal at $0.670 Level?

Estimated Reading Time: 2 minutes

Azeez Mustapha

Updated:


AUDUSD Price Analysis – July 13

The closing of daily candle below $0.670 level by the bears may push the price to test the support levels of $0.600 and $0.580. Ability to break up the resistance level of $0.683 level may lead to price inclination towards the resistance level of $0.698, and $0.710.

AUD/USD Market

Key levels:

Resistance levels: $0.683, $0.698, $0.710

Support levels: $0.670, $0.600, $0.580

AUDUSD Long-term trend: Bearish

AUDUSD is bearish on the daily chart. The price decreases as Bears’ pressure further increased accordingly. When it tested $0.710 level, the price could not go higher, bearish movement continues in the AUDUSD market. It reversed and penetrated the former support levels of $0.698 and $0.683 downside.  The price is currently exposes to the support level of $0.670 at the moment.

AUDUSD price is trading below the 9 periods EMA and 21 periods EMA which indicate that bears’ momentum is increasing. The relative strength index period 14 is at 40 levels and the signal lines pointing up displaying bullish direction. The closing of daily candle below $0.670 level by the bears may push the price to test the support levels of $0.600 and $0.580. Ability to break up the resistance level of $0.683 level may lead to price inclination towards the resistance level of $0.698, and $0.710.

AUDUSD medium-term Trend: Bearish

AUDUSD is bearish on the 4-hour chart. Last week, the bears’ momentum increase and the price declines accordingly. Further price decrease experiences in the AUDUSD market. The former support level of $0.683 is penetrated and the price is pulling back from the support level of $0.670 at the moment.

AUDUSD is currently trading below the 9 periods EMA and 21 periods EMA. The relative strength index period 14 is at 50 levels with the signal lines pointing up to indicate a buy signal.

You can purchase crypto coins 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

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News