AUD/USD bounces off support - Technical Analysis - Dukascopy Bank
Wed, 25 Nov 2020 08:17:33 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
28%
27%
3.3%
Shorts
72%
73%
-1.3%
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
⇗
⇗
⇗
Australia's Dollar surged by 43 points or 0.59% against the US Dollar on Tuesday. The 50– hour simple moving average provided support for the currency pair during yesterday's trading session.
The exchange rate bounced off the support line formed by the 50– hour SMA during the morning hours on Wednesday. Most likely, the AUD/USD pair could continue to edge higher within this session.
However, the upper boundary of an ascending channel pattern could provide resistance for the currency exchange rate during the following trading session.
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