AUD/USD bounces off support - Technical Analysis - Dukascopy Bank
Thu, 22 Oct 2020 07:42:19 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
73%
73%
-0.3%
Shorts
27%
27%
0.7%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Sell
RSI(14)
Buy
Neutral
Neutral
Stochastic(5;3;3)
Buy
Neutral
Neutral
Alligator(13;8;5)
Sell
Sell
Sell
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇒
⇘
⇒
The Australian Dollar edged higher by 80 pips or 1.14% against the US Dollar on Wednesday. The surge was stopped by the 200– hour simple moving average during yesterday's trading session.
The exchange rate bounced off the lower boundary of an ascending channel pattern during the Asian session on Thursday. Most likely, the AUD/USD pair could continue to edge up until the end of the session.
Although, the 200– hour SMA and the weekly pivot point at 0.7122 could provide resistance for the currency exchange rate within this session.
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