AUD/USD remains below 0.7780 - Technical Analysis - Dukascopy Bank
Thu, 11 Feb 2021 08:26:01 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
33%
34%
-3.1%
Shorts
67%
66%
1.5%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Neutral
Sell
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇗
The Australian Dollar declined by 40 pips or 0.52% against the US Dollar on Wednesday. The decline was stopped by a support line at 0.7714 during yesterday's trading session.
As for the near future, the exchange rate is likely to continue to edge higher. A breakout through the upper line of an ascending channel pattern could occur within this session.
However, if the channel pattern holds, the currency exchange rate would make a pullback towards the 0.7700 level during the following trading session.
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