AUD/USD bounces off support - Technical Analysis - Dukascopy Bank
Tue, 24 Nov 2020 07:47:23 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
27%
30%
-7.7%
Shorts
73%
71%
2.9%
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 60 pips or 0.82% against the US Dollar on Monday. The currency pair tested the 200– hour simple moving average at 0.7289 during yesterday's trading session.
The exchange rate bounced off the bottom border of an ascending channel pattern at 0.7280 during the Asian session on Tuesday. Most likely, the AUD/USD pair could continue to edge higher within this session.
However, the weekly R1 at 0.7340 could provide resistance for the currency exchange rate during the following trading session.
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