AUD/USD bulls likely to prevail - Technical Analysis - Dukascopy Bank
Tue, 08 Dec 2020 08:13:23 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
32%
27%
16.2%
Shorts
68%
73%
-7.6%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Sell
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Sell
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇗
During the first past of Monday's trading session, the Australian Dollar declined by 62 basis points or 0.84% against the US Dollar. However, the currency pair recovered the lost points at the end of the session.
All things being equal, the exchange rate is likely to edge up in an ascending channel pattern during the following trading hours. The possible target for bulls would be near the 0.7460 level.
Though, bullish traders would encounter a resistance line at the 0.7448 area within 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.