{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audusd-may-extend-upside-corrections-towards-the-0-6500-mark\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audusd-may-extend-upside-corrections-towards-the-0-6500-mark\/","headline":"AUDUSD May Extend Upside Corrections Towards the 0.6500 Mark","name":"AUDUSD May Extend Upside Corrections Towards the 0.6500 Mark","description":"The AUDUSD market closed last week on a positive note after sustaining heavy price contractions. Nevertheless, the market remains in a positive mood. This seems to brighten hopes of a possible continuation as the forex market reopens. Key Price Levels: Resistance Levels: 0.3850, 0.3950, and 0.4050 Support Levels: 0.3800, 0.3700, and 0.3600 AUDUSD May Climb […]","datePublished":"2024-04-22","dateModified":"2024-04-22","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\/ausnzd-dollars.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/02\/ausnzd-dollars.png","height":529,"width":800},"url":"https:\/\/forexschoolonline.com\/audusd-may-extend-upside-corrections-towards-the-0-6500-mark\/","about":["AUD\/USD","Forex","FX Technical Analysis","Trading"],"wordCount":302,"keywords":["AUDUSD","Forex","Technical Analysis"],"articleBody":"The AUDUSD market closed last week on a positive note after sustaining heavy price contractions. Nevertheless, the market remains in a positive mood. This seems to brighten hopes of a possible continuation as the forex market reopens.Key Price Levels:Resistance Levels: 0.3850, 0.3950, and 0.4050Support Levels: 0.3800, 0.3700, and 0.3600AUDUSD May Climb Towards the 0.6500 MarkWith price action still above the 0.6400 baseline, the AUDUSD market maintains the potential to rise higher. This may occur ahead of US Pre-Market Open data due to roll out later this week. Be that as it may, the last price candle has kept the pair trading above the last two Guppy Multiple Moving Average (GMMA) lines.At the same time, the Stochastic Relative Strength Index (SRSI) indicator can be seen turning sideways around the 40 level of the indicator. This seems to have been the consequence of the heavy contractions that were experienced during Friday\u2019s session. However, since the indicator hasn\u2019t delivered a crossover yet, this suggests that a continuation may still occur.AUDUSD Has an Upside TrajectoryConsidering the behavior of AUDUSD price action in the closing hours of the previous week in a 4-hour market, one can perceive that the market has an upside trajectory. The market seems quite volatile towards the last four. However, the volatility was heavily utilized by short traders.This resulted in the market contracting below most red GMMA lines. Nevertheless, the session withheld some of the profits. Meanwhile, the SRSI indicator lines are still projected upward. Interestingly, despite the contraction, these SRSI indicator lines remain projected sharply upwards. Consequently, this suggests that the market may continue towards $0.6500. This makes the use of Forex signals with target around that mark still usable in this marketDo you want to take your trading to the next level? Join the best platform for that here."}