AUD/USD could continue to edge higher - Technical Analysis - Dukascopy Bank
Wed, 13 Jan 2021 07:35:45 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
29%
33%
-12.3%
Shorts
71%
67%
5.0%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Sell
Sell
Stochastic(5;3;3)
Sell
Neutral
Sell
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇒
The Australian Dollar edged higher by 87 points or 1.13% against the US Dollar on Tuesday. The currency pair breached the 50-, 100– and 200– hour SMAs during yesterday's trading session.
All things being equal, the AUD/USD exchange rate could continue to trend higher during the following trading session. Bullish traders are likely to target the 0.7820 level.
However, a resistance level at the 0.7800 area could provide resistance for the currency exchange rate within this session.
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