AUD/USD bounces off support - Technical Analysis - Dukascopy Bank
Tue, 05 Jan 2021 07:40:37 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
27%
27%
-0.4%
Shorts
73%
73%
0.1%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
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 declined by 87 basis points or 1.13% against the US Dollar on Monday. The drop was stopped by the 100– hour simple moving average and the weekly pivot point at 0.7663 during yesterday's trading session.
Given that the currency pair has bounced off from the support cluster at 0.7663, bullish traders are likely to continue to pressure the AUD/USD exchange rate higher during the following trading session.
However, a resistance level at 0.7740 could provide resistance for the currency exchange rate within this session.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.