AUD/USD likely to maintain junior channel - Technical Analysis - Dukascopy Bank

Fri, 14 Aug 2020 07:01:22 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs35%37%-5.2%
Shorts65%63%2.8%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

The Australian Dollar declined by 44 points or 0.61% against the US Dollar on Thursday. The currency pair tested the lower boundary of an ascending channel pattern at 0.7133 during Thursday's trading session.

The AUD/USD exchange rate is likely to maintain the junior descending channel pattern during the following trading session. Bearish traders could target the 0.7120 level today.

On the other hand, given that the currency exchange rate is currently trading near the upper line of the junior descending channel, a breakout could occur within this session.


Back to feed
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.