AUD/USD Market Gets a Fresh Resistance at 0.7250

AUD/USD Price Prediction – February 28
It established that the AUD/USD market gets a fresh resistance at 0.7250 while the currency pair lacks the momentum to sustainably stay above some of its last higher levels at closer points. The opening balance of the market is about 0.7158, trading between 0.7193 and 0.7157 at a minute positive percentage rate of about 0.70.

AUD/USD Market
Key Levels:
Resistance levels: 0.7250, 0.7350, 0.7450
Support levels: 0.7100, 0.7000, 0.6900

AUD/USD – Daily Chart
The AUD/USD daily chart showcases the currency pair market gets a fresh resistance at 0.7250 as there has been a slight falling force, believing to generate a massive bearish outcome in the near time. That will be so based on the fact that some indicators suggest reading to the south side. The 14-day SMA is underneath the 50-day SMA. The Stochastic Oscillators have crossed their lines southbound from the overbought region, almost reaching the range of 40. That signifies that a declining force is imminent.
Will there be more downs in the AUD/USD trade subsequent trading sessions as the currency pair market gets a fresh resistance at 0.7250?
There has been an occurrence of upward momentum at variant closer points above 0.7250. But, the situation doesn’t portend a sustainable outlook for the AUD/USD price as the market gets a fresh resistance around the value-line mentioned earlier. As a result of that assumption, it would be technically ideal that long-position placers suspend taking an order for a while.

On the downside of the technical analysis, it would be technically ideal that the AUD/USD market short-position placers back up their entries with a price action emerging against seeing a move to the upside at a higher trading spot. The launching of sell orders shouldn’t be in multiples to not overburden the trading capital to avoid letting the market run into a margin call situation afterward.

At a glance, all seem to get again for the selling orders dominance in the AUD/USD market operations as the price has a fresh resistance at 0.7250 trading arena. Therefore, traders are to look out for decent shorting positions.
AUD/USD 4-hour Chart
The AUD/USD medium-term chart shows the currency pair market gets a fresh resistance at 0.7250 after springing from a lower. The upper bearish drawn has joined the 14-day SMA indicator at the east end above the 50-day SMA indicator. The horizontal line drawn at 0.7000 level showcases a critical support baseline of the currency pair business operations. The Stochastic Oscillators are attempting to close their lines a bit underneath the range of 80. That indicates some descending orders may still feature beneath the value-line firstly mentioned at the beginning of this analytics write-up.


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