AUD/USD could target 0.7700 - Technical Analysis - Dukascopy Bank
Thu, 04 Feb 2021 07:46:52 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
38%
37%
3.1%
Shorts
62%
63%
-1.9%
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)
Sell
Neutral
Buy
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇘
⇒
⇗
The Australian Dollar edged higher by 30 pips or 0.36% against the US Dollar on Wednesday. The currency pair breached the 50– and 100– hour SMAs during yesterday's trading session.
All things being equal, the exchange rate could continue to edge higher during the following trading session. The potential upside target for the AUD/USD pair would be near the 0.7700 level.
However, the 200– hour simple moving average at 0.7665 could provide resistance for the currency exchange rate today.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.