AUD/USD decline to continue - Technical Analysis - Dukascopy Bank
Mon, 21 Dec 2020 07:47:11 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
28%
28%
-2.0%
Shorts
72%
72%
0.8%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Sell
Sell
Stochastic(5;3;3)
Neutral
Neutral
Sell
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇒
The Australian Dollar has declined by 76 basis points or 1.00% against the US Dollar since Friday's trading session. The currency pair breached the 50– and 100– hour SMAs during this period.
As for the near future, the exchange rate is likely to continue to edge lower. Bearish traders could target the lower line of an ascending channel pattern at 0.7480 within this session.
However, a support cluster at 0.7544 could provide support for the AUD/USD currency exchange rate during the following trading session.
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