AUD/USD Price Prediction – March 14
There have been steady upward pushes against variant resistances in the AUD/USD recent past trading operations. And, presently, the movements seem to have been paused as the currency [air market loses momentum shortly after breaking past 0.7400 resistant line. Price is trading around 0.7273 between a high of 0.7298 and a low of about 0.7271 at a minute negative percentage of 0.22.
AUD/USD Market
Key Levels:
Resistance levels: 0.7400, 0.7500, 0.7600
Support levels: 0.7200, 0.7100, 0.7000
AUD/USD – Daily Chart
The AUD/USD daily chart showcases the currency [air market loses momentum after breaking 0.7400. The trading reaction occurred during March 7th session, a week back to date. Despite that, the market trading outlook still keeps a bullish trend as candlesticks formed within the bullish channel trend lines drawn. The 14-day SMA has slightly curved alongside the lower bullish trend line against the 50-day SMA to the upside. And, a smaller bearish candlestick is in the making close over them. The Stochastic Oscillators have moved down across the range-lines, briefly pointing past the range of 40. That signifies the market is on the verge of moving back into a bearish trend in the near time.
Can the AUD/USD trade regain its stance to push northward back as the market loses momentum shortly after breaking 0.7400?
A long-holding of the AUD/USD trade operations around 0.7300 may allow the price to push back northwardly as the market loses momentum shortly after breaking 0.7400 resistance barely a week to this time. The presumed scenario can be better if a rebound emerges a bit beneath the value-line afterward with active forces to support the move back to the north side.
On the downside of the technical analysis, the AUD/USD market bears may now have to be on the lookout for due advantage to exert their positions between 0.7300 and 0.7400 levels with levity. The key point to the downside is at the value-line formerly mentioned in this paragraph. It needed to breach down for a downward motion return confirmation.
The analytics, at a glance, states the AUD/USD market operations currently run under the resistances of 0.7400. It is likely that the currency pair market will not recover, pushing past the value-line in the near subsequent sessions.
AUD/USD 4-hour Chart
The AUD/USD 4-hour chart shows the currency pair market loses momentum, hitting resistance around 0.7350. That signifies a descending motion has formed against the bullish pushes been occurring in the past trading activities. The 14-day SMA is above the 50-day SMA. The Stochastic Oscillators are in the oversold region, indicating the need to suspend shorting of order for a while. Bears may have to wait for a pull-up closer beneath the point earlier mentioned to launch a sell order when a rejection sign is forthcoming with an active force.
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