AUD/USD decline likely to continue - Technical Analysis - Dukascopy Bank
Tue, 26 Jan 2021 07:25:15 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
34%
36%
-4.9%
Shorts
66%
65%
2.5%
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 declined by 42 basis points or 0.54% against the US Dollar on Monday. The 50-, 100– and 200– hour SMAs provided resistance for the currency pair during yesterday's trading session.
As for the near future, the exchange rate could continue to edge lower in a descending channel pattern. Bearish traders are likely to target the 0.7660 level during the following trading session.
On the other hand, the AUD/USD currency exchange rate could reverse from the current price level at 0.7680 and slide higher within this session.
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