AUD/USD bounces off support cluster - Technical Analysis - Dukascopy Bank
Fri, 19 Feb 2021 07:21:00 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 fell by 46 pips or 0.60% against the US Dollar on Thursday. The decline was stopped by the 200– hour simple moving average during yesterday's trading session.
Given that the exchange rate has bounced off from a support cluster formed by the 50– and 200– hour SMAs, bullish traders are likely to continue to pressure the AUD/USD pair higher during the following trading session.
However, the weekly R1 at 0.7803 could provide resistance for the currency exchange rate today.
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