AUD/USD bounces off support - Technical Analysis - Dukascopy Bank
Fri, 27 Nov 2020 07:27:28 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
27%
28%
-2.1%
Shorts
73%
72%
0.8%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Sell
Sell
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇗
The Australian Dollar traded sideways against the US Dollar on Thursday. The AUD/USD currency pair consolidated below the 0.7383 level during Thursday's trading session.
The exchange rate bounced off from a support line formed by the 50– hour simple moving average at 0.7358 on Friday morning.
Most likely, the currency exchange rate will edge higher during the following trading session.
However, bullish traders could encounter a resistance level at the 0.7383 level in the shorter term.
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