{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audusd-ends-the-previous-week-on-a-positive-note-may-continue-on-the-same-path\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audusd-ends-the-previous-week-on-a-positive-note-may-continue-on-the-same-path\/","headline":"AUDUSD Ends the Previous Week on a Positive Note; May Continue on the Same Path","name":"AUDUSD Ends the Previous Week on a Positive Note; May Continue on the Same Path","description":"The previous week concluded with bullish price action in the AUDUSD market. The USD failed to gain strength, allowing the pair to sustain a steady upward climb. As traders prepare for the new week, the bullish sentiment in the market may persist, barring any contradictory fundamentals arising from US Home Sales data. Key Price Levels: […]","datePublished":"2024-02-26","dateModified":"2024-02-26","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\/2022\/02\/austr-dollar.jpg","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/02\/austr-dollar.jpg","height":853,"width":1280},"url":"https:\/\/forexschoolonline.com\/audusd-ends-the-previous-week-on-a-positive-note-may-continue-on-the-same-path\/","about":["AUD\/USD","Forex","Technical Analysis","Trading"],"wordCount":282,"keywords":["AUDUSD","Forex","Technical Analysis"],"articleBody":"The previous week concluded with bullish price action in the AUDUSD market. The USD failed to gain strength, allowing the pair to sustain a steady upward climb. As traders prepare for the new week, the bullish sentiment in the market may persist, barring any contradictory fundamentals arising from US Home Sales data.Key Price Levels:Resistance Levels: 0.6557, 0.6600, and 0.6650Support Levels: 0.6500, 0.6450, and 0.6400AUDUSD Price Action Continues to Rise, Hitting Technical MilestonesTrading activities in the AUDUSD market have maintained an upward trajectory on the daily chart. Additionally, trading indicators continue to align, indicating the potential for further bullish activity. The Guppy Multiple Moving Average (GMMA) curves continue to intersect, with the last price candle surpassing both the green and red lines of the indicator.This presents a promising technical outlook, supported by the Moving Average Convergence Divergence (MACD) indicator rising toward the equilibrium level. Moreover, the latest bar of the MACD indicator appears green above the center line, signaling strengthening bullish momentum in the market and the possibility of more bullish Forex signals being triggered.AUDUSD Market Sustains Position Above Key SupportOn the 4-hour chart of the AUDUSD market, price action has exceeded the red and green GMMA lines, indicating a potential continuation of the uptrend. Although the closing price of the pair is slightly above the GMMA lines, it’s noteworthy that it closed belowThursday’s level. However, the MACD indicator lines show significant convergence, albeit with a slight sideways orientation at the terminal end. Traders should remain focused on the 0.6600 mark while keeping an eye on US fundamentals for further guidance.Do you want to take your trading to the next level? Join the best platform for that here."}