AUD/USD bullish trend could continue - Technical Analysis - Dukascopy Bank
Wed, 10 Feb 2021 07:50:05 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
34%
34%
-0.6%
Shorts
66%
66%
0.3%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
Neutral
Neutral
Stochastic(5;3;3)
Sell
Sell
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇒
⇗
⇗
The Australian Dollar jumped by 37 pips or 0.48% against the US Dollar on Tuesday. The currency pair breached the weekly resistance level at 0.7714 during yesterday's trading session.
Everything being equal, the AUD/USD exchange rate could continue to surge within the following trading session. The possible target for buyers would be near the 0.7800 level.
However, the weekly R2 and the upper line of an ascending channel pattern could provide resistance for the currency exchange rate within Wednesday's trading session.
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