AUD/USD decline likely to continue - Technical Analysis - Dukascopy Bank
Fri, 22 Jan 2021 07:08:07 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
33%
32%
2.2%
Shorts
67%
68%
-1.1%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇗
⇒
⇗
The Australian Dollar declined by 28 pips or 0.36% against the US Dollar on Thursday. The currency pair reversed from the weekly R1 at 0.7780 during Thursday's trading session.
All things being equal, the exchange rate could continue to edge lower during the following trading session. The possible target for the AUD/USD pair would be near the lower line of an ascending channel pattern at 0.7700.
However, a support cluster formed by the weekly pivot point and the 200– hour SMA at 0.7723 could provide support for the currency exchange rate within this session.
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