AUD/USD bounces off support - Technical Analysis - Dukascopy Bank
Mon, 25 Jan 2021 07:31:12 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
36%
33%
7.1%
Shorts
65%
67%
-3.9%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Neutral
Buy
Buy
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇘
⇒
⇗
The Australian Dollar fell by 51 points or 0.66% against the US Dollar on Friday. The currency pair breached the 50-, 100– and 200– hour SMAs during Friday's trading session.
Given that the exchange rate has bounced off from the lower boundary of an ascending channel pattern, bullish traders are likely to push the AUD/USD pair higher during the following trading session.
However, the 50– hour simple moving average at 0.7741 could provide resistance for the currency exchange rate in the shorter term.
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