• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ForexSchoolOnline.com

Learn to Trade Forex Online

  • Compare Brokers
    • Broker Type
      • Paypal Brokers
      • Swap-Free Brokers
      • Low Spread Brokers
      • ECN / STP Brokers
      • Market Maker Brokers
      • Non Dealing Desk Brokers
      • Low Minimum Deposit Brokers
    • Country
      • Brokers for Australia
      • Brokers for South Africa
      • Brokers for the UK
      • Brokers for the US
      • Brokers for Nigeria
    • Regulation
      • FCA Regulated Brokers
      • ASIC Regulated Brokers
      • FSCA Regulated Brokers
      • CFTC Regulated Brokers
    • Platform
      • MT4 Brokers
      • MT5 Forex Brokers
    • Strategies
      • Hedging Forex Brokers
      • Scalping Forex Brokers
      • Carry Trade Forex Brokers
      • Brokers for Indicators and EA’s
  • Start Here
    • Start Trading Guide
    • Beginner Trading Lessons
  • Free Forex Course
    • Public Login
    • Register
    • Password recovery
  • Lessons
    • Strategies
    • Videos
    • MT4 Guides
    • Money Management
  • Trade Setups
  • Tools
    • Correct Free Demo Charts
    • Forex Journal Download
    • Position Size Calculator
    • FULL List of Tools
    • Forex Demo Accounts
  • Price Action Guide
  • Free Course

AUD/USD Is Attracting Short Orders Near 0.6810 Price Level

Johnathon Fox
01/02/2023 | UPDATED ON: 01/02/2023

The AUD/USD market started the week’s trading activities on an impressive note. However, it could be perceived that today’s trading session has witnessed some selling, which has incurred minimal losses yet. Nevertheless, trading indicators are still positive about further price increases in this market.

Major Price Levels:
Top Levels: 0.6820, 0.6860, 0.6900
Floor Levels: 0.6806, 0.6780, 0.6740

AUD/USD Is Attracting Short Orders Near 0.6810 Price Level

The AUD/USD Price May Resume Its Upside Trajectory Near the Fib Level of 61.80

The price action on the AUD/USD daily market seems to have started the year’s trading with moderate profit. Consequently, this profit appears to have caused the price action to find support at two but close important levels. The price candle, which represents the first session for the week, seems to have found support above the moving average line at 0.6744. At the same time, this price candle also appears to have found support above the Fib level of 61.80. Despite the recent minor losses in this market, trading indicators are indicating that upside momentum is on the rise. The RSI curves can be seen rising sharply upwards, while the MACD has just given a bullish crossover. However, should market bears continue to gain the upper hand, traders can still anticipate a reversal or retracement near the Fibonacci level or Moving Average line.

AUD/USD Is Attracting Short Orders Near 0.6810 Price Level

AUD/USD Downward Retracement Is Progressing

Price activities on the AUD/USD market over the past two trading sessions on the 4-hour market have been progressing downwards. The ongoing training session has remained under the control of sellers, which has brought the price down to 0.6807. Furthermore, trading indicators are now more positive about a further downward retracement in the AUD/USD price. The Stochastic RSI indicator has performed a bearish crossover in the overbought area, while the MACD indicator is now showing a reduction in upside momentum. Technically, these two indicators are aligning to predict that the price may fall lower. However, traders can be hopeful of a reversal at the mentioned Fibonacci level or near the MA line at 0.6744.

Do you want to take your trading to the next level? Join the best platform for that here.

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « Quant (QNTUSD) Price to Face Buying Pressure Soon
Next Post: EURUSD Is Ready for a Bullish Volatility in 2023 »

Reader Interactions

Leave a Reply Cancel reply

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

Primary Sidebar

Forex School Online

High Probability Price Action Trading

How to make, manage and take profit from trades in the markets

Start Learning (It's Free!)

Turn Your Trades into Winners!

The Price action course is the in-depth advanced training on assessing, making and managing high probability price action trades.

Sign up for Free!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

Footer

Get Our FREE Course, Bonus Strategies & Indicators!
X
Join Us Now!

Your capital is at risk.

X

CORNERSTONE LESSONS

Forex Trading for Beginners

Price Action Trading

How to Trade Forex

Technical Analysis

Forex Charts

Forex Trading Strategies

Money Management 

Compare Brokers

Best Forex Brokers

Forex Demo Accounts

Best Forex Trading Platforms

Forex Apps

Swap Fee Accounts

MT4 Brokers

CATEGORIES

Forex Videos

Trading Lessons

Weekly Trade Ideas

Start Here Guide

ForexSchoolOnline.com helps individual traders learn how to trade the Forex market

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey

Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Copyright © Forex School Online Sitemap  - Privacy Policy - Disclaimers & Terms of Use - CONTACT US