AUD/USD testing 100– hour SMA - Technical Analysis - Dukascopy Bank
Tue, 15 Dec 2020 08:55:48 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
26%
26%
-0.3%
Shorts
74%
74%
0.1%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Sell
Sell
Stochastic(5;3;3)
Neutral
Sell
Sell
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇒
⇒
⇒
The Australian Dollar declined by 46 points or 0.61% against the US Dollar on Monday. The currency pair breached the 50– hour simple moving average during Monday's trading session.
Currently, the exchange rate is testing a support level formed by the 100– hour SMA at 0.7510.
If the support line holds, bullish traders are likely to pressure the AUD/USD pair higher today.
However, if the currency exchange rate breaks 100– hour moving average, the next target for bears would be near the lower line of an ascending channel at 0.7440.
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