AUD/USD breakout occurs - Technical Analysis - Dukascopy Bank
Thu, 15 Oct 2020 06:44:11 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
47%
45%
3.6%
Shorts
53%
55%
-3.1%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Neutral
Sell
Buy
SAR(0.02;0.2)
Sell
Buy
Sell
Aggregate
⇘
⇒
⇒
The Australian Dollar declined by 49 points or 0.68% against the US Dollar on Wednesday. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session.
Given that a breakout had occurred, the exchange rate is likely to continue to edge lower during the following trading session. The possible target for bears would be at the weekly S2 at 0.7045.
On the other hand, the currency exchange rate could slide a little bit higher towards the 50– hour SMA at 0.7165 within this session.
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