• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ForexSchoolOnline.com

Learn to Trade Forex Online

  • Compare Brokers
    • Broker Type
      • Paypal Brokers
      • Swap-Free Brokers
      • Low Spread Brokers
      • ECN / STP Brokers
      • Market Maker Brokers
      • Non Dealing Desk Brokers
      • Low Minimum Deposit Brokers
    • Country
      • Brokers for Australia
      • Brokers for South Africa
      • Brokers for the UK
      • Brokers for the US
      • Brokers for Nigeria
    • Regulation
      • FCA Regulated Brokers
      • ASIC Regulated Brokers
      • FSCA Regulated Brokers
      • CFTC Regulated Brokers
    • Platform
      • MT4 Brokers
      • MT5 Forex Brokers
    • Strategies
      • Hedging Forex Brokers
      • Scalping Forex Brokers
      • Carry Trade Forex Brokers
      • Brokers for Indicators and EA’s
  • Start Here
    • Start Trading Guide
    • Beginner Trading Lessons
  • Free Forex Course
    • Public Login
    • Register
    • Password recovery
  • Lessons
    • Strategies
    • Videos
    • MT4 Guides
    • Money Management
  • Trade Setups
  • Tools
    • Correct Free Demo Charts
    • Forex Journal Download
    • Position Size Calculator
    • FULL List of Tools
    • Forex Demo Accounts
  • Price Action Guide
  • Free Course

AUD/USD Trade Operation Retraces

Johnathon Fox
09/13/2021 | UPDATED ON: 09/13/2021

AUD/USD Prediction – September 13
There has been a sign that the AUD/USD trade operation retraces in its recovery price movements recently embarked. 0.7358 is around the level that the currency pair’s price trades as of writing at a positive percentage rate of about 0.13. There is an intake that the base currency will potentially push to the upside in no time.

AUD/USD Market
Key Levels:
Resistance levels: 0.7500, 0.7600, 0.7700
Support levels: 0.7300, 0.7200, 0.7100

AUD/USD – Daily Chart
The AUD/USD daily chart renewals that the fiat currency-pair trade operation retraces southward from a high level of the trading zone. Between the September 3rd and 7th periods, price touched the bigger SMA trend line on the sell signal side. The 50-day SMA indicator is above the 14-day SMA indicator. The bearish channel trend lines drew helped to observe the critical point at 0.7300 that the market has been able to breach northward. The Stochastic Oscillators have slowly bent southbound to complement the pace at which the market is retracing.
Is there any probability that the AUD/USD price plunge back into bearish trend lines as the trade operation retraces?
There has been no indication that the AUD/USD market will sustainably plunge back into bearish trend lines as the trade operation retraces currently. In the meantime, the market may have to make room for slight downward moves, possibly until about a couple of sessions. While that presumption is so likely ongoing, bulls would have to draw attention to a sign capable of signifying an end to the downward forces so that buy entry order could get its way.

On the downside, the 0.73000 level will serve as the support line the AUD/USD market bears may have to breach southward forcefully. But, only for fast unduly profits. In the light of that playing out, late sell entry will catch up in the bears’ trap. Traders intending to go further on the market to the downside have to exercise some degrees of pre-cautiousness.

Summarily, at this point of price retracement course, the AUD/USD market may still hold down for more slight downs so that price may find support around the lower line. The point around the level of 0.73000 will most likely be where the currency pair tends to regain the momentum to swing back to the way up.
AUD/USD 4-hour Chart
The AUD/USD 4-hour chart depicts that the currency pair trade operation retraces southward from around 0.7450 to trade around 0.7350. The 14-day SMA indicator is above the 50-day SMA indicator as the bullish trend line drew beneath the bigger SMA in a supportive manner. The Stochastic Oscillators have moved southbound closer to the range of 20. There can be more smaller-sized bearish candlesticks, denoting a relative continuation in the downward motion. However, short-position takers advised being wary of their presence re-launching.


Note: Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

About Johnathon Fox

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.

View all posts by Johnathon Fox →
Previous Post: « AUDJPY: Attractive For Sellers
Next Post: EURUSD Continues to Range as Price Keeps Falling »

Reader Interactions

Leave a Reply Cancel reply

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

Primary Sidebar

Forex School Online

High Probability Price Action Trading

How to make, manage and take profit from trades in the markets

Start Learning (It's Free!)

Turn Your Trades into Winners!

The Price action course is the in-depth advanced training on assessing, making and managing high probability price action trades.

Sign up for Free!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

Footer

Get Our FREE Course, Bonus Strategies & Indicators!
X
Join Us Now! Your capital is at risk.
X

CORNERSTONE LESSONS

Forex Trading for Beginners

Price Action Trading

How to Trade Forex

Technical Analysis

Forex Charts

Forex Trading Strategies

Money Management 

Compare Brokers

Best Forex Brokers

Forex Demo Accounts

Best Forex Trading Platforms

Forex Apps

Swap Fee Accounts

MT4 Brokers

CATEGORIES

Forex Videos

Trading Lessons

Weekly Trade Ideas

Start Here Guide

ForexSchoolOnline.com helps individual traders learn how to trade the Forex market

We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey

Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Finixio Ltd, Tower 42, 25 Old Broad Street, London EC2N 1HN | [email protected]

Copyright © Forex School Online - Finixio Ltd Company no. 11705811 - Sitemap  - Privacy Policy - Disclaimers & Terms of Use - CONTACT US