AUD/USD could edge higher - Technical Analysis - Dukascopy Bank
Tue, 27 Oct 2020 06:39:33 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
53%
54%
-0.2%
Shorts
47%
46%
0.2%
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)
Sell
Sell
Sell
Aggregate
⇒
⇘
⇒
The Australian Dollar declined by 30 pips or 0.42% against the US Dollar on Monday. The decline was stopped by the 100– hour simple moving average at 0.7104 during yesterday's trading session.
Everything being equal, the AUD/USD currency pair could continue to decline during the following trading session. The potential target for bullish traders would be near the 0.7180 level.
However, technical indicators suggest that the currency exchange rate might edge lower during the following trading session.
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