AUD/USD could edge higher - Technical Analysis - Dukascopy Bank
Fri, 08 Jan 2021 08:51:25 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
30%
29%
3.2%
Shorts
70%
71%
-1.4%
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 declined by 85 basis points or 1.08% against the US Dollar on Thursday. The decline was stopped by the 100– hour simple moving average at 0.7740 during yesterday's trading session.
Given that the currency pair has bounced off the 100– hour SMA, bullish traders are likely to pressure the exchange rate higher during the following trading session. The potential target for bulls would be near the weekly R2 at 0.7848.
However, the 50– hour simple moving average at 0.7778 could provide resistance for the currency exchange rate within this session.
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