AUD/USD could still edge lower - Technical Analysis - Dukascopy Bank
Thu, 18 Feb 2021 07:58:52 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
36%
34%
5.5%
Shorts
64%
66%
-3.1%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Neutral
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇗
The Australian Dollar declined by 46 pips or 0.59% against the US Dollar on Wednesday. The decline was stopped by the weekly pivot point at 0.7727 during yesterday's trading session.
Everything being equal, the AUD/USD exchange rate could continue to edge lower during the following trading session. Bearish traders are likely to target the weekly S1 at 0.7682.
However, the 200– hour simple moving average at 0.7752 could provide support for the currency exchange rate within this session.
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