AUD/USD decline likely to continue - Technical Analysis - Dukascopy Bank
Thu, 28 Jan 2021 07:21:14 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
38%
34%
11.6%
Shorts
62%
66%
-7.1%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Sell
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇗
⇒
⇗
The Australian Dollar declined by 132 points or 1.70% against the US Dollar on Wednesday. The currency pair breached the 50-, 100– and 200– hour SMAs during Wednesday's trading session.
As for the near future, the exchange rate could continue to edge lower. A breakout through the lower boundary of a descending channel pattern is likely to occur within this session.
However, if the channel pattern holds, the currency exchange rate could make a pullback towards the 0.7680 area during the following trading session.
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