AUD/USD bears could prevail - Technical Analysis - Dukascopy Bank
Fri, 13 Nov 2020 07:30:27 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
39%
37%
7.1%
Shorts
61%
63%
-4.6%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Buy
Neutral
Neutral
Alligator(13;8;5)
Neutral
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇗
Australia's Dollar fell by 52 pips or 0.71% against the US Dollar during yesterday's trading session. The currency pair breached the monthly support level at 0.7236 on Thursday.
All things being equal, the exchange rate is likely to continue to decline during the following trading session. A breakout through the lower boundary of a descending channel pattern could occur.
However, if the descending channel pattern holds, the currency exchange rate could make a brief retracement towards the 0.7260 within this session.
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