AUD/USD bounces off support - Technical Analysis - Dukascopy Bank
Wed, 03 Feb 2021 08:19:01 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
37%
35%
5.8%
Shorts
63%
65%
-3.4%
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 fell by 92 pips or 1.20% against the US Dollar on Tuesday. The currency pair tested the weekly support level at 0.7566 during Tuesday's trading session.
The exchange rate bounced off from the lower boundary of a descending channel pattern at 0.7580 during the Asian session on Wednesday.
Most likely, the AUD/USD pair could continue to edge higher until the end of Wednesday's trading session.
However, the 50– and 100– hour SMAs near the 0.7634 could provide resistance for the currency exchange rate in the shorter term.
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