AUD/USD target at 0.7292 - Technical Analysis - Dukascopy Bank
Thu, 08 Oct 2020 07:33:16 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
44%
48%
-8.1%
Shorts
56%
52%
6.4%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Buy
Neutral
Neutral
Alligator(13;8;5)
Sell
Sell
Buy
SAR(0.02;0.2)
Sell
Buy
Sell
Aggregate
⇘
⇒
⇒
The Australian Dollar edged higher by 40 pips or 0.57% against the US Dollar on Wednesday. The currency pair breached the 50- , 100– and 200– hour SMAs on Thursday morning.
Everything being equal, the exchange rate could continue to edge higher during the following trading session. The potential target for bullish traders would be at the 0.7200 level.
However, a resistance level at 0.7180 could provide resistance for the currency exchange rate in the shorter term.
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