AUD/USD targets at 0.7680 - Technical Analysis - Dukascopy Bank
Mon, 28 Dec 2020 07:57:52 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
29%
31%
-5.1%
Shorts
71%
69%
2.1%
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)
Buy
Buy
Buy
Aggregate
⇗
⇒
⇒
The 50– hour simple moving average has guided the Australian Dollar higher against the US Dollar since December 22. The AUD/USD currency pair breached the 0.7620 level during the Asian session on Monday.
All things being equal, the exchange rate is likely to continue to edge higher during the following trading session. The potential target for bulls would be near the 0.7680 level.
However, the weekly resistance level at 0.7653 could provide a barrier for bullish traders within this session.
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