AUD/USD awaits US election results - Technical Analysis - Dukascopy Bank
Wed, 04 Nov 2020 07:00:08 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
59%
53%
9.7%
Shorts
41%
47%
-13.7%
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
Buy
Sell
Aggregate
⇒
⇒
⇒
The Australian Dollar rose by 139 pips or 1.98% against the US Dollar on Tuesday. A breakout occurred through the upper boundary of a descending channel pattern during yesterday's trading session.
Bearish sentiment dominate the exchange rate during the first half of Wednesday's trading session. Bears are likely to continue to pressure the AUD/USD currency pair lower until the end of the day.
However, the US presidential election results might play an important roll in the overall movement of the market within this session.
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