

The AUD/USD chart shows a series of bullish candlesticks leading up to a recent peak. A bearish candlestick follows, indicating a potential reversal or pullback. The 0.6700-0.6720 area is a critical resistance level, while support is seen around 0.6660. Traders should watch for signals near these levels.
Currently, the trend is bullish in the medium term with indications of a short-term pullback. Monitoring external factors, such as global economic conditions, is also important.
The chart depicts a series of bullish candlesticks leading up to the recent peak.
A bearish candlestick indicates potential reversal or pullback, which traders should be wary of.
The breakout above 0.6700 was significant but now faces resistance, causing a pullback.
The MACD line is crossing below the Signal line, suggesting a bearish crossover and potential downturn.
The MACD histogram is transitioning from positive to negative, indicating a loss of bullish momentum.
There are no clear divergences between the MACD and price action at this moment.
There was an increase in volume during the recent price rise, followed by a decrease during the pullback.
The rising volume in the uptrend supports the bullish move.
Meanwhile, the decline in volume during the pullback could suggest it is temporary.
Key support is around 0.6660, where previous consolidation occurred.
Key resistance lies in the 0.6700-0.6720 area, a significant level after the breakout.
Monitoring these levels is crucial for traders for potential entry or exit points.
Consider watching for price action signals near the support level around 0.6660 for potential buys.
If the price fails to hold the support, it could be a short opportunity.
If in position, monitor the 0.6660 support for signs of reversal or breakdown.



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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.