AUD/USD could edge higher - Technical Analysis - Dukascopy Bank
Tue, 19 Jan 2021 07:02:51 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
34%
33%
2.6%
Shorts
66%
67%
-1.3%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Neutral
Neutral
Sell
Alligator(13;8;5)
Sell
Buy
Buy
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇘
⇒
⇒
Australia's Dollar declined by 46 pips or 0.60% against the US Dollar on Monday. The currency pair tested the lower boundary of an ascending channel pattern at 0.7660 during yesterday's trading session.
Given that the AUD/USD exchange rate had bounced off the bottom border of the channel pattern, bullish traders are likely to drive the price higher during the following trading session.
However, a resistance level formed by the 100– and 200– hour SMAs at 0.7735 could provide a barrier for bulls 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.