AUD/USD bulls could prevail - Technical Analysis - Dukascopy Bank
Fri, 12 Feb 2021 07:36:53 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
29%
33%
-12.2%
Shorts
71%
67%
5.0%
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 surged by 54 pips or 0.71% against the US Dollar on Thursday. The currency pair breached the weekly R2 at 0.7753 during yesterday's trading session.
All things being equal, the AUD/USD exchange rate could continue to edge higher during the following trading session. A breakout through the upper line of an ascending channel pattern could occur.
However, if the channel pattern holds, the currency exchange rate would make a brief pullback towards the 0.7700 level within this session.
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