AUD/USD bulls could prevail - Technical Analysis - Dukascopy Bank
Thu, 05 Nov 2020 07:38:49 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
59%
59%
1.0%
Shorts
41%
41%
-1.5%
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
⇒
⇒
⇒
During the first half of Wednesday's trading session, the Australian Dollar fell by 130 points or 1.81% against the US Dollar. However, the currency pair rebounded by the end of the day.
All things being equal, the exchange rate could continue to edge higher during the following trading session. The potential target for the AUD/USD pair will be near the 0.6250 area.
However, a resistance cluster at the 0.7216 level could provide a barrier for bullish traders within this session.
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