AUD/USD breaks channel - Technical Analysis - Dukascopy Bank
Fri, 23 Oct 2020 06:46:42 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
55%
55%
-0.5%
Shorts
45%
45%
0.6%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Sell
Buy
SAR(0.02;0.2)
Buy
Sell
Sell
Aggregate
⇗
⇘
⇒
Australia's Dollar surged by 44 points or 0.62% against the greenback on Thursday. The currency pair tested a resistance line at the 0.7140 level during Thursday's trading session.
Technical indicators suggest buying signals on the 4-hour time frame chart. Therefore, the AUD/USD exchange rate could continue to edge higher through the following trading session.
However, if the resistance level at the 0.7140 area holds, bears are likely to drive the currency exchange rate lower within this session.
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