AUD/USD bounces off support - Technical Analysis - Dukascopy Bank
Wed, 09 Dec 2020 08:12:48 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
33%
32%
4.1%
Shorts
67%
68%
-2.1%
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)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
`
The Australian Dollar versus the US Dollar bounced off from the weekly pivot point at 0.7403 during the Asian session on Wednesday. As a result, the currency pair surged by 48 pips or 0.64%.
Everything being equal, the AUD/USD exchange rate could continue to edge higher during the following trading session. Bullish traders are likely to target the 0.7480 level today.
However, the weekly resistance level at 0.7468 could provide resistance for the currency exchange rate within this session.
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