{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audusd-bears-seem-to-be-easing-downward-pressure\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audusd-bears-seem-to-be-easing-downward-pressure\/","headline":"Headwind in the AUDUSD Market Is Losing Momentum\u00a0","name":"Headwind in the AUDUSD Market Is Losing Momentum\u00a0","description":"The AUDUSD pair has been consistently bearish on the daily market over the past two weeks. However, during the close of last week, it appeared that downward pressure started easing. This happened shortly after price action broke through the support at the 0.6400 price level. Major Price Levels: Resistance Levels: 0.6400, 0.6500, and 0.6600 Support […]","datePublished":"2023-08-21","dateModified":"2023-08-21","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/06\/AUD.jpg","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/06\/AUD.jpg","height":408,"width":612},"url":"https:\/\/forexschoolonline.com\/audusd-bears-seem-to-be-easing-downward-pressure\/","about":["AUD\/USD","FX Technical Analysis","Technical Analysis"],"wordCount":288,"keywords":["AUDUSD","Forex","trading"],"articleBody":"The AUDUSD pair has been consistently bearish on the daily market over the past two weeks. However, during the close of last week, it appeared that downward pressure started easing. This happened shortly after price action broke through the support at the 0.6400 price level.Major Price Levels:Resistance Levels: 0.6400, 0.6500, and 0.6600Support Levels: 0.6379, 0.6300, and 0.6200AUDUSD Bears Are Showing Signs of ExhaustionA stronger fundamental on the US dollar side of the market has kept the AUDUSD under bearish pressure. As a result, this has presented bearish traders with significant profits. However, the appearance of recent price candles suggests that headwinds are now weaker.Trading activities are still occurring below the Simple Moving Average (SMA) curves, while the Moving Average Convergence Divergence indicator lines are still below the equilibrium level on the daily market. Nevertheless, things seem to be brightening up for the bulls, as the MACD bars below the equilibrium level are now pale red in appearance. This may revive bullish hopes as the new week unfolds.AUDUSD Bulls Are Preparing to Take the StageThe AUDUSD 4-hour market has revealed that long traders may start gathering profits. Here, the last price candle seems to have poked through the resistance formed by the 9-day SMA curve. This seems to have placed price action in this market at an advantage against headwinds.Likewise, the MACD indicator’s last bar is now green above the equilibrium level. Also, the leading line of the MACD has picked up an upside bearing. Therefore, this may offer the needed momentum to price action, bringing it back above the 0.6400 price level as trading continues for the week.Do you want to take your trading to the next level? Join the best platform for that here."}