AUD/USD Price Prediction – September 19
Selling pressures are intensely coming at a lower-trading spot as the AUD/USD market bears consolidate stances at the 0.6700 line. The currency pair market is at a minute negative percentage rate of 0.44, trading at 0.66891.
AUD/USD Market
Key Levels:
Resistance levels: 0.6800, 0.6900, 0.7000
Support levels: 0.6600, 0.6500, 0.6400
AUD/USD – Daily Chart
The daily chart portrays the AUD/USD market bears consolidate stances at the 0.6700 level. The 50-day SMA indicator is at 0.69526 above the 0.68230 value point of the 14-day SMA indicator. The horizontal line drew at the consolidation trading value line to ascertain the operations presently. The Stochastic Oscillators have crossed southbound from around the range of 60 toward the 29.11 and 25.46 range value lines. That situation portends that a declining motion is in progress.
Will the current falling force get tougher to breach past the AUD/USD market at the 0.6700 level?
Going by the pace of pushing off the falling force in the AUD/USD market operations, the price tends to succumb to some lows after breaking past the 0.6700 level in the subsequent sessions, as acknowledged that bears consolidate stances around the value line presently. Buyers are to be alert if a rebound will surface along the declining process before considering launching a buying order.
On the downside of the technical, as of the writing, the AUD/USD market sellers would have to follow an active staging against the 0.6700 trading level on a timely basis to avoid the possibility of being whipsawed while exerting a selling order lately.
The analytics, at a glance, the AUD/USD market bears are exerting a force against the inactiveness of bulls around the 0.6700 level that can lead to some lows in the following days’ activities.
AUD/USD 4-hour Chart
The AUD/USD medium-term chart showcases the currency pair market bears consolidating stances at the 0.6700 level below the smaller SMA trend line. The 14-day SMA indicator is at 0.67365, underneath the 0.68011 value point of the 50-day SMA indicator. The Stochastic Oscillators are in the overbought region, trying to cross southbound. And they are at 85.54 and 78.71 range values. That signifies the pairing coin trade stands the risk of basing in the near time.
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