AUD/USD Price Prediction – September 25
The presence of bears’ efforts has been impactful in the AUD/USD trade activities as the currency pair market draws southward toward the 0.6500 support line. Price’s trading worth bargains within the high and the low-value lines of 0.66558 and 0.65112 at an average negative percentage rate of 1.75.
AUD/USD Market
Key Levels:
Resistance levels: 0.6600, 0.6700, 0.6800
Support levels: 0.6500, 0.6400, 0.6300
AUD/USD – Daily Chart
The SUD/USD daily chart showcases the pairing fiat coin draws southward toward the 0.6500 support level in an aggressively moving manner that caused the market to lose fatly over a hundred pips from its initial 0.6700 lower level of trading. Over time, the positioning of the trading tools indicates the market is under selling pressure as the 140day SMA indicator is at 0.67724, underneath the 0.69276 value point of the 60-day SMA indicator. The Stochastic Oscillators have dipped into the oversold region, maintaining the range values of 11.30 and 3.56.
Has a significant change occurred in the current bearish AUD/USD market force?
As of the time of writing, there has been no significant change or signal suggesting the AUD/USD market bears are on the verge of shifting positions as the currency pair price draws southward toward the 0.6500 support line. Buyers are alert to open a buying order if the market only tends to test that value line for a rebound before considering a longing order afterward.
On the downside of the technical, the AUD/USD market sellers may ride alongside the selling wall of a bearish candlestick spanning downward through the point level of 0.6600. But, any attempt by the market to rally or pull back up against the value line may lead to a threat of seeing a steady free fall-off process.
The analytics, at a glance, as it is apparent that bears have been taking a lead in the AUD/USD market operations over time, traders should be wary of any sudden rebound from a dip-trading spot.
AUD/USD 4-hour Chart
The AUD/USD medium-term chart reveals the currency pair market draws southward toward the 0.6500 support level below the lower bearish trend line. The 14-day SMA indicator is at 0.66400 underneath the 0.67351 value line of the 50-day SMA indicator. The Stochastic Oscillators have crossed southbound from around the 80 range to the positions of 29.81 and 17.41 range values, denoting the gravitational forces to the south direction have gradually been exhausted. Therefore, sellers need to be cautious of exerting further orders at this point.
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