AUD/USD remains near 100– and 200– hour SMAs - Technical Analysis - Dukascopy Bank
Tue, 13 Oct 2020 07:57:55 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
45%
47%
-3.7%
Shorts
55%
53%
3.1%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Sell
Sell
Neutral
Alligator(13;8;5)
Buy
Neutral
Buy
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇗
⇒
⇒
The Australian Dollar has declined by 68 pips or 0.94% against the US Dollar since Monday's trading session. The currency pair breached the 50-, 100– and 200– hour SMAs during the Asian session on Tuesday.
As for the near future, the exchange rate might continue to edge lower during the following trading session. The potential target would be near the lower boundary of an ascending channel pattern at 0.7142.
However, a support cluster formed by the 100– and 200– hour simple moving averages at the 0.7176 could provide support for the currency exchange rate in the shorter term.
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