AUD/USD bulls could prevail - Technical Analysis - Dukascopy Bank
Fri, 09 Oct 2020 06:31:07 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
41%
44%
-8.3%
Shorts
59%
56%
5.7%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Sell
Neutral
Neutral
Alligator(13;8;5)
Buy
Sell
Buy
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇗
⇒
⇒
The Australian Dollar has surged by 56 points or 0.78% against the US Dollar since Thursday's trading session. The currency pair breached the 0.7180 level on Friday morning.
Technical indicators flash buying signals on the 4-hour time-frame chart. Therefore, the AUD/USD exchange rate is likely to continue to trend bullish during the following trading session.
However, the monthly pivot point at 0.7192 could provide resistance for the currency exchange rate in the shorter term.
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