[rank_math_breadcrumb]

AUD/USD is Stable below 0.7850: What’s Next?

AUD/USD is Stable below 0.7850 What's next

July 01, 2021|The Forex SecretAUD/USD is one of the major currency pairs that represent the economic condition of Australia and the US. In the recent price action, the US Dollar is dominating the market where AUD got hurt like other pairs. As the current price is stable below 0.7580 level it may come lower in the coming days. Let’s have a look at the complete price prediction using the Technical analysis.

AUD/USD Bears are Active below the 0.7580 Level

AUD/USD remained volatile as soon as the price moved above the 0.7580 level for a considerable time but the price did not make a new high after failing multiple times.

Later on, in mid-June, the price came below this level with an impulsive bearish pressure. Therefore, as long as the price is trading below this level, it has a higher possibility of coming lower.

AUD/USD Bears are Active below the 0.7580 Level

Based on the daily price chart. AUD/USD is trading below 0.7580 level where the dynamic 20 EMA is above the resistance as it is moving lower. However, the price failed to come lower below the recent low that may increase the possibility of a bullish correction.

Moreover, MACD Histogram remained bearish and coming lower, which is a sign of upcoming bearish pressure in the price.

Is AUD/USD A Sell?

Based on our findings, we are focusing on selling pressure in the AUD/USD as long as the price is trading below the 0.7580 level where the primary target would be 0.700 level.

However, a stable bullish D1 close above the dynamic 20 EMA may alter the current market context towards the 0.7700 level.

  • AUDUSD Upcoming Price trend: Bearish
  • Target Level: 0.7000
  • Invalidation level: 0.7600

Recent Trade Idea You May Follow

Share on facebook
Share on twitter
Share on linkedin

Picture of The Forex Secret

The Forex Secret

We provide Forex Signal Service, Fund Management, Free Analysis & Discussion. With all these services we give forex trading guides for beginner to advance forex traders.

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

foex signal telegram group

JOIN OUR FREE FOREX SIGNALS TELEGRAM CHANNEL

ARE YOU READY TO BECOME A SUCCESSFUL TRADER?

With our 30-day money-back guarantee, you have got absolutely no reason not to give us a try. You will not regret it.