AUD/USD traded sideways - Technical Analysis - Dukascopy Bank
Wed, 11 Nov 2020 08:11:52 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
26%
40%
-54.2%
Shorts
74%
60%
18.7%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Sell
Aggregate
⇒
⇗
⇒
The Australian Dollar consolidated below the 0.7300 level against the US Dollar during Tuesday's trading session. The 50– hour simple moving average provided support for the exchange rate on Tuesday.
Technical indicators suggest buying signals on the daily time-frame chart. The currency pair could edge higher in an ascending channel pattern within the following trading session.
However, the weekly resistance level at 0.7363 could provide a barrier for the currency exchange rate during the following trading session.
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