AUD/USD breakout could occur - Technical Analysis - Dukascopy Bank
Tue, 09 Feb 2021 08:09:04 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
34%
37%
-8.6%
Shorts
66%
63%
4.4%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Sell
Neutral
Neutral
Alligator(13;8;5)
Buy
Sell
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇒
⇗
The Australian Dollar surged by 60 pips or 0.79% against the US Dollar on Monday. The currency pair breached the weekly resistance level at 0.7714 during the Asian session on Tuesday.
All things being equal, the exchange rate is likely to continue to trend bullish during the following trading session. A breakout through the upper line of an ascending channel pattern could occur.
However, the weekly resistance level at 0.7753 could provide resistance for the currency exchange rate within the following trading session.
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