AUD/USD decline likely to continue - Technical Analysis - Dukascopy Bank
Wed, 17 Feb 2021 07:12:15 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
34%
32%
3.3%
Shorts
66%
68%
-1.7%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
Neutral
Sell
Stochastic(5;3;3)
Neutral
Sell
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇗
The Australian Dollar fell by 55 pips or 0.70% against the US Dollar on Tuesday. The currency pair breached the 50– hour simple moving average at 0.7774 during yesterday's trading session.
All things being equal, the exchange rate could continue to edge lower during the following trading session. The potential target for bearish traders would be near the weekly S1 at 0.7682.
However, a support cluster formed by the 200– hour SMA and the weekly pivot point at 0.7727 could provide support for the AUD/USD currency exchange rate in the shorter term.
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