AUD/USD could still edge higher - Technical Analysis - Dukascopy Bank
Wed, 02 Dec 2020 07:25:18 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
29%
27%
6.1%
Shorts
71%
73%
-2.5%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Sell
Alligator(13;8;5)
Neutral
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇗
The Australian Dollar surged by 39 pips or 0.53% against the US Dollar on Tuesday. The currency pair breached the 50– and 100– hour SMAs during yesterday's trading session.
Most likely, the exchange rate could continue to edge higher in an ascending channel pattern within the following trading session. The potential target for the AUD/USD pair would be near the weekly resistance level at 0.7429.
However, given that the currency exchange rate is currently trading near the lower boundary of the channel pattern, a breakout could occur during the following trading session.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.