AUD/USD could continue to edge higher - Technical Analysis - Dukascopy Bank
Fri, 11 Dec 2020 07:29:58 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
26%
27%
-6.5%
Shorts
74%
73%
2.2%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
Sell
Sell
Stochastic(5;3;3)
Sell
Sell
Sell
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇒
⇒
⇒
Upside risks dominated the Australian Dollar against the US Dollar on Thursday. As a result, the currency pair surged by 82 basis points or 1.09% during yesterday's trading session.
All things being equal, the exchange rate could continue to trend bullish during the following trading session. A breakout through the upper line of an ascending channel pattern could occur.
However, the weekly R3 at 0.7578 could provide resistance for the AUD/USD currency exchange rate within this session.
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