AUD/USD bulls likely to prevail - Technical Analysis - Dukascopy Bank
Fri, 18 Dec 2020 08:38:14 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
28%
28%
1.3%
Shorts
72%
72%
-0.5%
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)
Buy
Buy
Buy
Aggregate
⇗
⇒
⇒
The Australian Dollar surged by 58 points or 0.77% against the US Dollar on Thursday. The currency pair breached the weekly R1 at 0.7610 during yesterday's trading session.
All things being equal, the exchange rate could continue to edge higher during the following trading session. The potential target for bullish traders would be near the 0.7660.
However, a resistance level at the 0.7640 area could provide resistance for the AUD/USD currency exchange rate within this session.
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