AUD/USD Market Trades at 0.7100

AUD/USD Price Prediction – February 14
A smaller number of pips lost to the downside as the AUD/USD market trades at 0.7100 in a manner of fluctuating as of writing. The currency pair price opens around 0.7128 to trade between the high and low of 0.7150 and 0.7086 at a minute negative percentage rate of 0.10.

AUD/USD Market
Key Levels:
Resistance levels: 0.7200, 0.7300, 0.7400
Support levels: 0.7000, 0.6900, 0.6800

AUD/USD – Daily Chart
It is currently on the AUD/USD daily chart that the currency pair coin market trades at 0.7100 in a manner of fluctuations around the value-line after a slight southward breach of the smaller SMA trend line. The 50-day SMA indicator is above the 14-day SMA indicator. The horizontal line drawn at 0.7000 support level indicates where the critical line is awaiting the southward-moving process of the bearish trend. The Stochastic Oscillators are in the overbought region with their lines crossed southbound within it closely to the range of 80.
Will the AUD/USD price lose the momentums again as the currency [air market trades at 0.7100?
There is a glistering tendency, signaling a brighter chance that the AUD/USD price may still lose momentum further to the downside as the currency pair market trades at 0.7100. However, if long-position takers hold firm by consolidating their stances around the value line, the price may again push back to the up[side for a retest of a higher resistance point around the 50-day SMA.

On the downside of the technical analysis, the AUD/USD market short-position takers now have the greater chance to continue to build upon the current occurrence of a set of bearish candlesticks that have shown up after price hit resistance around the 50-day SMA trend line in a couple of days back.

At a glance, it seems that traders would now have a better chance to short the base currency against the US counter trading coin in the situation, while fake upswings tend to feature in the subsequent transactions.
AUD/USD 4-hour Chart
The GBP/USD medium-term chart showcases the currency pair market trades at 0.7100. The bearish trend line drew above the SMAs, showing 0.7200 as the resistance trading zone against the previous northward pressures featured during February 10th trading sessions. The 14-day SMA has slightly crossed southward from the top to touch the 50-day SMA. The Stochastic Oscillators are in the ranges of 40 and zero, seemingly moving in a consolidation style to denote the possibility of price still hovering around 0.7150 and 0.7000 for some more time.


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