AUD/USD bullish run could continue - Technical Analysis - Dukascopy Bank
Mon, 22 Feb 2021 08:11:03 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
28%
37%
-30.7%
Shorts
72%
63%
12.0%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
Sell
Sell
Stochastic(5;3;3)
Sell
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇒
⇗
⇗
Upside risks dominated the Australian Dollar against the US Dollar on Friday. As a result, the AUD/USD currency surged by 110 pips or 1.42% during Friday's trading session.
All things being equal, the exchange rate is likely to continue to trend bullish during the following trading session. A breakout through the upper line of an ascending channel pattern could occur.
However, the currency exchange rate might make a brief retracement towards the weekly pivot point at 0.7822 before making the upside move.
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