AUD/USD two scenarios likely - Technical Analysis - Dukascopy Bank
Fri, 20 Nov 2020 07:32:27 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
30%
29%
4.0%
Shorts
70%
71%
-1.8%
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 has surged by 44 points or 0.60% against the US Dollar since Thursday's trading session. The AUD/USD currency pair tested the 100– hour SMA on Friday morning.
If the resistance level formed by the 100– hour simple moving average at 0.7298 holds, bearish traders would target the 0.7260 level during the following trading session.
However, if the currency exchange rate breaks the resistance line, a surge towards the 0.7320 level could be expected today.
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