AUD/USD decline could continue - Technical Analysis - Dukascopy Bank
Mon, 01 Feb 2021 07:16:25 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
35%
35%
-0.9%
Shorts
65%
65%
0.5%
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)
Sell
Neutral
Buy
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇘
⇒
⇗
The Australian Dollar declined by 67 pips or 0.87% against the US Dollar on Friday. The 100– hour simple moving average pressured the currency pair lower during Friday's trading session.
As for the near future, the AUD/USD exchange rate could continue to edge lower during the following trading session. The potential target for bearish traders would be near the 0.7580 level.
However, the 50– hour SMA at 0.7650 could provide support for the currency exchange rate in the short term.
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