AUD/USD Market Attempts to Swing Northward

AUD/USD Price Prediction – July 10
It has been that the AUD/USD market attempts to swing northward from a support line of around 0.6800. Price has featured between the high and low of 0.6874 and 0.6791 at a minute percentage rate of 0.24 positive.

AUD/USD Market
Key Levels:
Resistance levels: 0.6900, 0.7000, 0.7100
Support levels: 0.6800, 0.6700, 0.6600

AUD/USD – Daily Chart
The AUD/USD daily chart showcases the currency pair price attempts to swing northward from the 0.6800 support level. The horizontal line is drawn at the support point to mark it down for any critical reversion that can occur at no time. The 14-day SMA indicator is underneath the 50-day SMA indicator. The Stochastic Oscillators have crossed northbound from the range of 20, briefly reaching past the range of 40 to signify that a buying force is in dominance.
Will the AUD/USD market sustain its northward swings above 0.6800?
The trading indicators are the AUD/USD market will sustain its northward swings above the 0.6800 support level in the subsequent operations. With the emergence of a bullish candlestick briefly bottoming below the 0.6800 support level, long-position takers may have to take to build up along the following price actions to the upside.

On the downside of the technical analysis, the AUD/USD trade bears may have to be on the lookout for any possible rejection of price reaction around the 0.6938 resistance level as indicated by the 14-day SMA before considering a selling order at a close-range line. The higher resistance range value is at 0.7104.

The analytics, at a glance, now appears that bulls have found a baseline around the 0.6800 support level that will allow buy orders already taken around it to run higher into profits.
AUD/USD 4-hour Chart
The AUD/USD medium-term chart reveals the currency pair market makes attempts to swing northward. The 14-day SMA indicator is underneath the 50-day SMA indicator. The horizontal line drew around 0.6800, closely below the SMAs. The Stochastic Oscillators have crossed northbound from a range of 55. The situation seems set for a round of buying cycle provided the value line mentioned doesn’t breach southward past in the near time.


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