AUD/USD Price Drops, Extending in a Downward Move

AUD/USD Price Prediction – April 25
The AUD/USD price drops to extend in a downward move to affirm that the currency pair now trades in a bearish outlook. The financial book records that the market witnessed a high of 0.72505 as the opening balance. But, presently is around 0.71502 at a minute negative percentage of 0.93.

AUD/USD Market
Key Levels:
Resistance levels: 0.7300, 0.7400, 0.7500
Support levels: 0.7100, 0.7000, 0.6900

AUD/USD – Daily Chart
The AUD/USD daily chart showcases the currency pair price drops, extending in a downward move beneath the trading indicators. The bearish channel trend lines are drawn southward slightly past the SMAs. The 14-day SMA indicator is above the 50-day SMA indicator. A bearish candlestick is currently spanning a dip down to indicate that a falling force is ongoing. The Stochastic Oscillators are in the oversold region, trying to cross their lines southbound.
Can there be more intense dip-downs in the AUD/USD market as price drops, extending in a downward move?
There can be more dip-downs in the AUD/USD market operations if the market fails to resume a rebounding motion against the 0.7200 trading level as the currency pair price drops, extending in a downward move. Long-position takers may now have to stay alert until a bullish candlestick forms at a lower trading spot before considering a buying order.

On the downside of the technical analysis, the AUD/USD market short-position takers may have to consolidate in their pushing efforts around the 0.7200 to exhaust the current downward force. However, if some active reversal moves are spotted, it could be a warning signal against getting more reliable downs.

The analytics, at a glance, as the AUD/USD market runs down in a consolidation manner under an oversold condition, could in no time lead to a rebounding motion, especially while a full-body bullish candlestick emerges eventually from the depth of a lower trading zone afterward.
AUD/USD 4-hour Chart
The AUD/USD medium-term chart showcases the currency pair price drops, extending in a downward move past the trading indicators. The 14-day SMA indicator is underneath the 50-day SMA indicator. And they bend to the south direction far above the current trading zone. The Stochastic Oscillators are in the oversold region, tightly moving in a consolidation manner around the zero range. That could mean the market may soon experience either a pit stop at a lower spot or witness a rebound after a while when the trade lacks the capacity to break past variant support levels of 0.7100 and 0.7000.


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