AUD/USD Price Reverses at 0.7200

AUD/USD Prediction – January 10
The AUD/USD price reverses slightly at 0.7200 as the currency pair worth is yet to make even a minor move in its today’s session. And that has led the market to have 0.71809 as the same value for opening and the current price line. As a result of that situation, the rate of trading percentage is at 0.00.

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
Today’s AUD/USD trading activity seems not yet moving in any directional outlook as the daily chart showcase that the currency pair price reverses slightly at 0.7200. The 50-day SMA indicator is above the 14-day SMA indicator as the bullish channels drew briefly across them to the north side. The Stochastic Oscillators have moved southbound from the overbought region to touch the range of 20. That suggests that some falling pressures are relatively ongoing in the currency pair business operations.
As AUD/USD price reverses slightly at 0.7200, will the currency pair market go more bearish underneath the trend line of the 14-day SMA?
The 14-day SMA trend line now appears to be the yardstick to determine the most probable direction the AUD/USD market may go in the subsequent sessions as the currency pair price reverses slightly at 0.7200. The current trading pattern suggests, an analyst may conclude that stage is getting set to let the US Dollar push for a while until the price finds a support stance.

On the downside of the technical analysis, the AUD/USD short-position takers have to hold their positions firmly against any northward-pushing efforts against the 14-day SMA indicator around 0.7200 in the near time. Therefore, in the wake of achieving that, the market would have to hold beneath the smaller trading tool to allow a bearish trend moving outlook returning.

In summary, in the process of a genuine consolidation moving style closely beneath the 0.7200 trading level, the AUD/USD short-position takers are likely to continue to dominate the driving of the currency pair market once at the expense of long-position takers’ weaknesses afterward.
AUD/USD 4-hour Chart
The AUD/USD 4-hour chart reveals that currency pair price reverses at 0.7250 against the daily trading chart. And that gives clarity into the real trading spot where the reversal movement took effect. The 50-day SMA indicator is around 0.7200 as the 14-day SMA has thinly crossed it southward to position tightly beneath. The SMA trend lines are now below the lower bullish trend line. The Stochastic Oscillators are in the overbought region. And a 4-hour bearish candlestick is in the making to signify that a depressive force is imminent in no time. And if that plays out eventually, it means falling forces will prevail until some other subsequent trading sessions.


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