AUD/USD bounces off support - Technical Analysis - Dukascopy Bank
Thu, 14 Jan 2021 06:30:49 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
28%
29%
-5.4%
Shorts
72%
71%
2.1%
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 declined by 47 pips or 0.60% against the US Dollar on Wednesday. The decline was stopped by a support cluster formed by the 50-, 100– and 200– hour SMAs at 0.7740 during yesterday's trading session.
Given that the exchange rate has bounced off from the support cluster, bullish traders could continue to pressure the AUD/USD currency pair higher during the following trading session.
However, a resistance line at 0.7780 might provide a barrier for the currency exchange rate within this session.
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