AUD/USD two scenarios likely - Technical Analysis - Dukascopy Bank
Tue, 10 Nov 2020 08:18:54 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
40%
36%
9.6%
Shorts
60%
64%
-6.3%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇗
⇗
⇒
During the first half of yesterday' trading session, the Australian Dollar surged by 77 pips or 0.98% against the US Dollar. However, the currency pair lost the earlier gains at the end of the day.
All things being equal, the exchange rate could continue to edge lower during the following trading session. The potential target for bearish traders would be at the 0.7200 level.
Though, the 50– hour simple moving average at 0.7279 could provide support for the currency exchange rate in the shorter term.
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