AUD/USD Price Prediction – June 27
There has been a long-holding of the AUD/USD trading operations in a bearish setting as the currency pair market holds positions below 0.7000. Price is trading at a minimal percentage rate of 0.17 negative around 0.6930.
AUD/USD Market
Key Levels:
Resistance levels: 0.7000, 0.7100, 0.7200
Support levels: 0.6800, 0.6700, 0.6600
AUD/USD – Daily Chart
The AUD/USD daily chart showcases the currency pair market holds positions below 0.7000 toward the support baseline at 0.6800. The 14-day SMA indicator is underneath the 50-day SMA indicator. The bearish trend line drew alongside the bigger SMA at the tail end. The Stochastic Oscillators are oscillating closely beneath the 40 range. A smaller Japanese bearish candlestick is in the making to signify that a downward-trending force is ongoing.
Which direction will the AUD/USD market is likely to follow next??
The AUD/USD market is under falling pressure as the currency pair price holds positions below the 0.7000 resistance level. A fearful downward reversion beneath the value line may expose the motion toward aiming to revisit a low around the 0.6800 support baseline. Long-position takers may have to get set to re-launch a buying order if the price tends not to drop aggressively afterward at the point.
On the downside of the technical analysis, the AUD/USD market sellers may have their stances firmly consolidating underneath or around the resistances of 0.7029 and 0.7156. A sudden fearful breakout of those points will potentially lead to having higher resistance to focus.
The analytics, at a glance, it seems the AUD/USD market will be pushing for a revisit of a low point around the 0.6800 support baseline before giving in back to an upside direction afterward.
AUD/USD 4-hour Chart
The AUD/USD medium-term chart showcases the currency pair market holds positions below 0.7000. The 14-day SMA indicator is underneath the 50-day SMA indicator. The bigger SMA signifies the real resistance point is 0.6998 approximately. The Stochastic Oscillators have briefly crossed southbound from the overbought region against the 80 range, indicating that a declining force is ongoing. At this point, traders should be wary of trying to trade always at all costs without getting a tangible signal to favor their entry order execution.
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