AUD/USD tests channel line - Technical Analysis - Dukascopy Bank
Thu, 19 Nov 2020 08:03:45 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
29%
28%
4.5%
Shorts
71%
72%
-1.9%
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)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇗
The Australian Dollar declined by 42 pips or 0.57% against the US Dollar on Wednesday. The currency pair breached the lower boundary of an ascending channel pattern during the Asian session on Thursday.
All things being equal, the AUD/USD exchange rate could continue to edge lower during the following trading session. The potential target for bears would be near the 0.7260 level.
However, technical indicators suggest that the currency exchange rate is likely to edge higher within Thursday's trading session.
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