{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audusd-is-extending-upside-gains\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audusd-is-extending-upside-gains\/","headline":"AUDUSD Is Extending Upside Gains","name":"AUDUSD Is Extending Upside Gains","description":"The week’s trading activity has begun with the AUDUSD pair trying to extend last week\u0092s profits. Also, trading indicators are suggesting that upside forces may be gaining more traction as trading activities ensue. Major Price Levels: Resistance Levels: 0.6748, 0.6768, and 0.6797 Support Levels: 0.6720, 0.6700, and 0.6680 AUDUSD Bulls Land an Early Blow As […]","datePublished":"2023-05-08","dateModified":"2023-05-08","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\/05\/AUSSIES.jpeg","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/05\/AUSSIES.jpeg","height":419,"width":626},"url":"https:\/\/forexschoolonline.com\/audusd-is-extending-upside-gains\/","about":["AUD\/USD","FX Technical Analysis","Technical Analysis"],"wordCount":259,"keywords":["Forex","Technical Analysis","trading"],"articleBody":"The week’s trading activity has begun with the AUDUSD pair trying to extend last week\u0092s profits. Also, trading indicators are suggesting that upside forces may be gaining more traction as trading activities ensue.Major Price Levels:Resistance Levels: 0.6748, 0.6768, and 0.6797Support Levels: 0.6720, 0.6700, and 0.6680AUDUSD Bulls Land an Early BlowAs trading activities begin for the week, the AUDUSD pair has attracted fresh buying impulses on the daily chart. The last price candle on the daily chart signifies that price action is experiencing upside gains. At this point, price action has climbed significantly above the middle limit of the Bollinger Band. Also, the curves of the Relative Strength indicator rose into the oversold region. However, the tip of the leading line of the RSI indicator seems bent sideways at the tip. Consequently, this reflects the previous losses from the previous session. Nevertheless, the last price candle here offers hope that the price may continue upward.AUDUSD Is Retracing upwards From an Important Base LevelOn the\u00a0 AUDUSD 4-hour market, a green price candle that represents upside gains seems to be sitting on the middle limit of the Bollinger Band. It appears that an upside retracement has occurred off of the mentioned part of the Bollinger Bands. Meanwhile, the RSI lines are rising upwards from very deep in the oversold area. This seems to indicate that buyers have the chance to take the price towards 0.6797 as trading activities for the week continue.Do you want to take your trading to the next level? Join the best platform for that here."}