

The AUD/USD 4-hour chart reveals a consistent bullish trend.
The asset has been making higher highs and higher lows, indicative of a positive momentum.
Key psychological levels are playing crucial roles in the current price action.
There’s a noticeable upward trend since mid-January, characterized by a series of bullish candlesticks.
Recent formation of a bullish engulfing pattern indicates potential continuation of the prior uptrend.
A breakout was observed above 0.7000, suggesting a significant psychological and technical level now acting as support.
The MACD line is above the Signal line, showing a bullish crossover recently, which suggests positive momentum.
The MACD histogram is slightly in the positive, reinforcing bullish momentum, but shows signs of weakening as the bars are reducing in height.
No clear divergence seen at this moment; MACD supports price action.
Volume appears to decrease as price consolidates around 0.7050, indicating less strength in the recent up-move.
Previous breakout above 0.7000 was accompanied by increased volume, validating the current support level.
No unusual spikes; volume seems stable, albeit slightly diminishing.
0.7000 level acts as a strong support given its role as a psychological barrier and prior resistance.
0.7050–0.7100 region is acting as resistance as the price struggles to break and sustain above these levels.
Traders should monitor these key levels for any breakout or reversal signs.
Consider a buy on dips near the 0.7000 support with a stop loss slightly below 0.6980 to manage risk.
Pay attention to a potential breakout above 0.7050 for further buying opportunities.
Watch for a sustained move and volume confirmation above 0.7050 for bullish continuation.



Welcome to our trading site! We offer the best, most affordable products and services around. Shop now and start finding great deals!
Subscribe to our newsletter to stay informed about our latest products, services, and promotions.
Secured By SSL. Copyright © Seekapa. All rights reserved. 2024
Company Information: This website (www.seekapa.com.com/) is operated by Bluepine Ltd, a Seychelles investment firm, authorised and regulated by the Financial Services Authority of Seychelles with license number SD183. Bluepine Ltd is located at Suite 205, 2nd Floor, Waterside Property Limited, Eden Island, Seychelles
Risk warning: Contracts for difference (‘CFDs’) is a complex financial product, with speculative character, the trading of which involves significant risks of loss of capital. Trading CFDs, which is a marginal product, may result in the loss of your entire balance. Remember that leverage in CFDs can work both to your advantage and disadvantage. CFDs traders do not own, or have any rights to, the underlying assets. Trading CFDs is not appropriate for all investors. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. Please read our Risk Disclosure document.
Regional Restrictions: Bluepine Ltd does not offer services within the European Economic Area as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.
Bluepine Ltd does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Bluepine Ltd is not a financial adviser.
Secured By SSL. Copyright © Seekapa. All rights reserved. 2024
Company Information: This website (www.seekapa.com.com/) is operated by Bluepine Ltd, a Seychelles investment firm, authorised and regulated by the Financial Services Authority of Seychelles with license number SD183. Bluepine Ltd is located at Suite 205, 2nd Floor, Waterside Property Limited, Eden Island, Seychelles
Risk warning: Contracts for difference (‘CFDs’) is a complex financial product, with speculative character, the trading of which involves significant risks of loss of capital. Trading CFDs, which is a marginal product, may result in the loss of your entire balance. Remember that leverage in CFDs can work both to your advantage and disadvantage. CFDs traders do not own, or have any rights to, the underlying assets. Trading CFDs is not appropriate for all investors. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. Please read our Risk Disclosure document.
Regional Restrictions: Bluepine Ltd does not offer services within the European Economic Area as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.
Bluepine Ltd does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Bluepine Ltd is not a financial adviser.